Meaning of DEPRECIATION in English

DEPRECIATION

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.