Difference between revisions of "Depreciating asset"
From ACT Wiki
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| − | 1. ''UK Tax.'' | + | 1. |
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| + | ''UK Tax.'' | ||
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An asset which has a life not exceeding 60 years. | An asset which has a life not exceeding 60 years. | ||
| − | 2. Any asset whose value is normally expected to reduce with the passing of time. | + | |
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| + | 2. | ||
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| + | Any asset whose value is normally expected to reduce with the passing of time. | ||
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== See also == | == See also == | ||
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* [[Useful life]] | * [[Useful life]] | ||
| − | [[Category: | + | [[Category:Accounting,_tax_and_regulation]] |
Revision as of 13:17, 23 October 2013
1.
UK Tax.
An asset which has a life not exceeding 60 years.
2.
Any asset whose value is normally expected to reduce with the passing of time.
