Depreciating asset: Difference between revisions
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1. ''UK | 1. ''UK tax.'' | ||
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. | |||
2. | |||
Any asset whose value is normally expected to reduce with the passing of time. | |||
== See also == | == See also == | ||
* [[Assets]] | * [[Assets]] | ||
* [[Depreciation]] | |||
* [[Replacement asset relief]] | * [[Replacement asset relief]] | ||
* [[Residual value]] | * [[Residual value]] | ||
* [[Useful life]] | * [[Useful life]] | ||
* [[Wasting asset]] | |||
[[Category:Accounting,_tax_and_regulation]] | |||
Latest revision as of 17:25, 20 November 2023
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.
