Examples of Depreciation Charge in a sentence
If a service installation is made more than one year after the applicable water or sewer connection charge was paid and the connection approved, the connecting property shall be assessed an annual Capital Depreciation Charge (CDC) for each full year of inactive service prior to actual connection for service.
The latter had been replaced with a Depreciation Charge and although this was lower that the previous MRA a compensating increase in RCCO had been made.
The aggregate monthly Depreciation Charge for all Contracting Municipalities shall be an amount as determined when the Commission issues any bonds, notes, or other obligations of the Commission so as to finance the Regional System, or as determined by the Commission as part of the annual Budget process as established under Section 206(a) hereof.
The Annual Depreciation Charge is the Accumulated Depreciation divided by the expected service life of the asset.
However, the property shall be subject to the Capital Depreciation Charge upon reconnection if the disconnection continues beyond one year.