The definition for Accrued Depreciation:
(1) The amount reserved each year in the accounting system for replacement of a building or other asset. (2) The useful life of a property at any given time.
Book DepreciationBook Depreciation
Depreciation reserved (on the books) by an owner for future replacement or retirement of an asset.
Declining Balance Method Of DepreciationDeclining Balance Method Of Depreciation
Depreciation by a fixed annual percentage of the balance after deducting each yearly depreciation amount.
(1) Decrease in value to real property improve-ments caused by deterioration or obsolescence. (2) A loss in value as an accounting procedure to use as a deduction for income tax purposes.
Further Suggestions Double Declining Balance Method Of Depreciation
Recapture Of Depreciation
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