Depreciation allowance definition

Depreciation allowance means an estimate of the annual cost of using an item that is based on its acquisition cost divided by its assumed or estimated useful life.
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Depreciation allowance means a loss of value expressed in terms of a percentage of replacement or reproduction cost new. (2011 Real Property Assessment Manual and Guidelines Book 2, Glossary, pg. 6)
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Depreciation allowance means a loss in value expressed in terms of a percentage of replacement or reproduction cost new. The depreciation allowance applies to all real property improvements constructed before March 2, 1995. Real property improvements constructed after March 2, 1995 shall not receive a physical depreciation allowance.
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Examples of Depreciation allowance in a sentence

  • Depreciation allowance (provision for the cost of replacing buildings or equipment) must be included here.

  • Today the bank offers its depositors six different types of accounts supporting various goals:1.

  • Thus, if we deduct the consumption of fixed capital or the depreciation allowance from the GNPmp, we get NNPmp.NNPmp = GNPmp – Depreciation allowance 5) Gross Domestics Product (at factor cost):The Gross Domestic Product at factor cost (GDPfc) refers to the estimation of GDP in terms of the aggregate earnings of factors of production.

  • Depreciation allowance for each year of the Control Period shall be determined, generally based on the methodology, rates and other terms as decided by CERC from time to time.

  • Depreciation, allowance for bad debts, profits from installment sales are examples of accounting issues that are generally reported in financial statements in conformity with tax law.Japanese economy experienced rapid growth from mid 1950s to the 1980s.

  • Depreciation allowance shall include the depreciation of the assets financed by third parties or granted on advantageous conditions.

  • Depreciation allowance was calculated on an average asset life of 20 years using the straight-line method.

  • Depreciation allowance may be based on units of production determined by current year production over total remaining reserves, or under the modified accelerated cost recovery system which generally uses a declining balance system.

  • UNIT III: INCOME FROM BUSINESS & PROFESSIONExpress allowances and disallowances, tax incentives on R & D expenses, Depreciation allowance, method of accounting.

  • Depreciation allowance on immovable property acquired or constructed after 1 January 1991 qualify for the credit.


More Definitions of Depreciation allowance

Depreciation allowance means a loss of value expressed in terms of a percentage of replacement or reproduction cost new.
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Related to Depreciation allowance

  • Depreciation means, for each fiscal year or other period, an amount equal to the depreciation, amortization or other cost recovery deduction allowable with respect to an asset for such year or other period, except that if the Gross Asset Value of an asset differs from its adjusted basis for federal income tax purposes at the beginning of such year or other period, Depreciation shall be an amount which bears the same ratio to such beginning Gross Asset Value as the federal income tax depreciation, amortization or other cost recovery deduction for such year or other period bears to such beginning adjusted tax basis; provided, however, that if the federal income tax depreciation, amortization or other cost recovery deduction for such year is zero, Depreciation shall be determined with reference to such beginning Gross Asset Value using any reasonable method selected by the General Partner.

  • Retirement allowance means the retirement payments to which a member is entitled.

  • Consolidated Depreciation and Amortization Expense means, with respect to any Person for any period, the total amount of depreciation and amortization expense, including the amortization of deferred financing fees or costs, capitalized expenditures, customer acquisition costs and incentive payments, conversion costs and contract acquisition costs, the amortization of original issue discount resulting from the issuance of Indebtedness at less than par and amortization of favorable or unfavorable lease assets or liabilities, of such Person and its Restricted Subsidiaries for such period on a consolidated basis and otherwise determined in accordance with GAAP.

  • Gross earnings means all monies earned by the Employee under the terms of this Collective Agreement.

  • Annual Earnings means your gross annual income from your Employer, not including shift differential, in effect just prior to the date of loss. It includes your total income before taxes. It is prior to any deductions made for pre-tax contributions to a qualified deferred compensation plan, Section 125 plan or flexible spending account. It does not include income received from commissions, bonuses, overtime pay or any other extra compensation or income received from sources other than your Employer.