Depreciation Schedule
/ˌdɛprɪʃiˈeɪʃən ˈskɛdʒuːl/
Definitions
- (n.) A detailed timetable listing the allocated depreciation expense of an asset over its useful life for accounting and tax purposes.
The accountant prepared a depreciation schedule to calculate the annual asset value reduction.
Forms
- depreciation schedule
- depreciation schedules
Related terms
See also
Commentary
A depreciation schedule is crucial in legal and financial documents to precisely allocate expense recognition and support tax compliance.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.