Depreciable property means personal property for which an income tax deduction for depreciation is allowable in computing federal income tax under the Internal Revenue Code as defined in section 422.3.
Depreciable property means the Equipment and the Improvements (which, for the avoidance of doubt, shall not include Land).
Depreciable property means a property, which is used in any business or investment for earning income, and declines in value because of wear and tear, being old or passage of time.
Examples of Depreciable property in a sentence
Depreciable property used in your trade or business, even if it is fully depreciated.
Depreciable property used in your trade or business, even if it is fully de- preciated.
Depreciable property financed with small issue IDBs must be depreciated, however, using the straight-line method.
Depreciable property used in your trade or business, even if fully depreciated.
Depreciation Depreciable property, plant and equipment assets are written-off to their estimated residual values over their estimated useful life using, in all cases, the straight line method of depreciation.
More Definitions of Depreciable property
Depreciable property means, as of any specified time of computation, an amount, determined in accordance with generally accepted accounting principles, equal to the cost, as shown on the books of the Company, of (i) the Completed Depreciable Property and (ii) properties subject to the Lien Hereof that are in the process of being constructed and will be depreciable upon completion.
Depreciable property means any property which might reasonably be expected to decline in value while used or available for use by taxpayers in deriving gross income, or carrying on a business for the purpose of deriving gross income. Depreciable property includes buildings, fixtures on land, certain land improvements, and intangible property listed in Schedule 17 of the Income Tax Act as depreciable intangible property.5 Depreciable property does not include trading stock, land, financial arrangements under the accrual rules, certain types of intangible property for which an estimated useful life cannot be calculated, such as goodwill, and property for which the cost is deductible under other provisions of the Income Tax Act.
Depreciable property means depreciable property within the meaning of subsection 248(1) of the Tax Act;
Depreciable property means tangible property which is likely to lose value because of wear and tear or obsolescence, but does not include trading stock, or property whose useful life is less than one year;
Depreciable property means, as of any specified time of computation, an amount, determined in accordance with generally accepted accounting principles, equal to the sum of (a) the aggregate of the Cost to the Company or the original cost (whichever is less) of the Mortgaged Property as defined in the Original Indenture, other than land, flowage rights, rights of way, water rights and other like undepreciable real estate and rights in real estate, and unfinished construction, excluding however any amount included in utility plant acquisition adjustments accounts or in any accounts for similar purposes, and (b) amounts included in the utility plant acquisition adjustments accounts or in accounts for similar purposes of the Company if (1) the Company shall have failed to provide a reserve therefor on its books and (2) the Company shall have failed to make provision for charges to income and/or periodic charges to surplus in lieu of charges to income adequate to permit the write-off thereof at the expiration of the estimated useful life of the property represented thereby.
Depreciable property means machinery, fixtures, equipment,
Depreciable property has the meaning given to that term in the Tax Act; (h) “income” for a particular Partnership Taxation Year means the income, if any, of the Partnership from all sources (other than taxable capital gains and allowable capital losses from the disposition of property) computed in accordance with paragraph 96(1)(a) and subparagraph 96(1)(c)(ii) of the Tax Act for that Partnership Taxation Year; (i) “loss” for a particular Partnership Taxation Year means the loss (other than allowable capital losses from the disposition of property), if any, of the Partnership computed in accordance with paragraph 96(1)(a) and subparagraph 96(1)(c)(ii) of the Tax Act for that Partnership Taxation Year; (j) “Partnership Taxation Year” means any taxation year of the Partnership determined in accordance with paragraph 96(1)(b) of the Tax Act; (k) “taxable capital gains” has the meaning given to that term in the Tax Act; (l) “Taxation Year” has the meaning given to that term in the Tax Act; (m) “UCC” has the meaning given to the term “undepreciated capital cost” in the Tax Act;