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 for new ships is 20 percent in the first year and 10 percent thereafter on a straight line basis, while the rate for used ships is set at 10 percent.

  • The Company will provide, at no cost to the employee, insurance against loss due to fire or theft (as per insurance regulations) to a maximum value of $4,000 (inventory list to be supplied by the employee to the Employer for the purpose of Tool Insurance and Tool Depreciation allowance).

  • The Company will provide, at no cost to the employee, in- surance against loss due to fire or theft (as per insurance regulations) to a maximum value of (inventory to be supplied by the employee to the Committee (three from the Union three from Management) for the pur- poses of Tool Insuranceand Tool Depreciation allowance).


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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