depreciate

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Related to depreciated: Fully depreciated

Depreciate

To allocate the purchase cost of an asset over its life.

Depreciation

The gradual reduction of an asset's value. It is an expense, but because it is non-cash, it is often effectively a tax write-off; that is, a person or company usually may reduce his/her/its taxable income by the amount of the depreciation on the asset. Because there are many different ways to account depreciation, it often bears only a rough resemblance to the asset's useful life. This may further benefit the company as they may continue to use the asset tax-free after its value has technically depreciated to nothing. See also: Amortization.

depreciate

To reduce the value of a long-term tangible asset.
References in periodicals archive ?
Homeowners converting their former residences to rental property often miscalculate their allowable depreciation expense or tail to realize the tax benefit of the expense Likewise, they are often unprepared for the tax consequences upon the sale of property that has been depreciated.
Handing over of other assets to IOA, NDMC and other local bodies at depreciated value.
For example, a taxpayer who exchanges a machine depreciated under the unit-of-production method for a used machine may depreciate under MACRS the sum of the exchanged basis and excess basis of the used machine (replacement property) as a machine placed in service at the time of replacement.
Therefore, although the cost of the labor to replace the roof could be depreciated, the cost to remove the debris of the old roof could not.
Recent rulings by Congress allow additional first-year deductions that could be worth 30 percent to 50 percent of the cost of qualifying property that is depreciated over less than 39 years.
If your company buys $390,000 worth of equipment this year and takes a $100,000 write-off while the other $290,000 must be depreciated, bonus depreciation could give you an additional $145,000 deduction up-front (50% of $290,000) while the remaining $145,000 can be deducted, via depreciation, on the equipment's usual schedule.
For example, a Fiat Seicento which cost pounds 6,288 depreciated in value rapidly during the first year.
Rafael Buenaventura, governor of the Central Bank of the Philippines, meanwhile, said the peso will not be depreciated despite the economic slowdown.
This beautiful city of Glendale must not be depreciated by the Pavlovian liberals from la-la land who now control the Glendale City Council.
Tesco said fully depreciated assets would not be included in the depreciation charge but would still be included in the gross asset value, while fittings bought recently for overseas lasted longer and depreciated at a different pace.
The models offer full-replacement value versus depreciated value insurance, and increases the maximum liability claim from $40,000 to more than $70,000.
The alternative is to insure on an actual cash value basis, which basically is a depreciated replacement cost value.