depreciable asset

A fixed asset that is to be the subject of depreciation

Accounting dictionary. 2014.

Look at other dictionaries:

  • depreciable asset — Property with a useful life of at least one year that gradually loses its value over time. A business deducts the cost of a depreciable asset over a period of time. Category: Business, LLCs & Corporations → Business Accounting, Bookkeeping &… …   Law dictionary

  • depreciable — UK US /dɪˈpriːʃəbl/ adjective ► ACCOUNTING, TAX if an asset is depreciable, a company can show its loss in value over time in its accounts: »Land is shown at its current replacement cost while a depreciable asset is shown at its current… …   Financial and business terms

  • asset — as·set / a ˌset, sət/ n [back formation from assets, singular, sufficient property to pay debts and legacies, from Anglo French asetz, from Old French asez enough] 1: the entire property of a person, business organization, or estate that is… …   Law dictionary

  • Asset Depreciation Range — (ADR) The range of depreciable lives allowed by the Internal Revenue Service for a specified depreciable asset. The ADR system applies to assets placed in service after 1970 and before 1980, at which time the ADR system was replaced by the… …   Black's law dictionary

  • depreciable — Assets subject to depreciation; assets that decline in value or usefulness over a period of time through use or obsolescence. An example of depreciable assets includes machinery and equipment; land is a non depreciable asset. See depreciation …   Black's law dictionary

  • depreciable life — ➔ life * * * depreciable life UK US noun [C] ► ACCOUNTING, TAX the time over which an asset can be depreciated (= shown to lose value) in a company s accounts: »Tractors have a depreciable life of seven years, according to the current tax… …   Financial and business terms

  • depreciable amount — The value of a fixed asset used as the basis for calculating the depreciation charge for the period. When using the diminishing balance method of depreciation, the depreciable amount is the book value of the asset at the end of the previous… …   Accounting dictionary

  • Depreciable Property — Any type of asset that is eligible for depreciation treatment. Depreciable property can include vehicles, real estate, computers and office equipment, machinery and heavy equipment, and several other categories of assets. Depreciable property… …   Investment dictionary

  • depreciable life — For an asset, the time period over which depreciable cost is to be allocated. For tax returns, depreciable life may be shorter than estimated service life See also useful life …   Black's law dictionary

  • Asset Depreciation Range System — A range of depreciable ( depreciation) lives the IRS allows for particular classes of assets. Bloomberg Financial Dictionary …   Financial and business terms

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