English
English version

depreciation allowance

From Longman Business Dictionarydepreciation allowancedepreciˈation alˌlowance [countable]TAX an amount that can be taken off a business’s profit figure when calculating tax, to allow for the fact that an asset has lost part of its value during a particular period of timeThe finance minister should increase business depreciation allowances to encourage investment. allowance
Pictures of the day
What are these?
Click on the pictures to check.