Meaning of DEPRECIATION in English
A means for a firm to recover the cost of a purchased asset- over time- through periodic deductions or offsets to income. Depreciation is used in both a financial reporting and tax context- and is considered a tax benefit because the depreciation deductions cause a reduction in taxable income- thereby lowering a firm's tax liability.
Finance-Leasing English vocabulary. Английский словарь финансов и лизинга. 2012