What does depreciation allowance mean?
Definitions for depreciation allowance
de·pre·ci·a·tion al·lowance
This dictionary definitions page includes all the possible meanings, example usage and translations of the word depreciation allowance.
Princeton's WordNet
depreciation allowancenoun
an allowance for loss due to depreciation
ChatGPT
depreciation allowance
Depreciation allowance is an accounting and taxation term that refers to the amount deducted to account for wear and tear, aging, or obsolescence of physical assets such as buildings, equipment, machinery, or vehicles over a certain period of time. It is calculated as a percentage of the original cost of the asset and is used to reduce the gross income, thereby reducing taxable income.
Matched Categories
Numerology
Chaldean Numerology
The numerical value of depreciation allowance in Chaldean Numerology is: 8
Pythagorean Numerology
The numerical value of depreciation allowance in Pythagorean Numerology is: 7
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"depreciation allowance." Definitions.net. STANDS4 LLC, 2024. Web. 18 Apr. 2024. <https://www.definitions.net/definition/depreciation+allowance>.
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