Legal Dictionary

Search results for: “depreciation”

  • Depreciation Method

    United States Tax Concept of Straight Line Depreciation Method A depreciation method that spreads the cost or other basis of an asset on a pro rata basis over its useful life.

  • Bonus Depreciation

    An additional depreciation deduction (pursuant to I.R.C. § 179) for the first year of use of personal property….

  • Double-Declining-Balance Depreciation

    Method of accelerated depreciation….

  • Depreciation Tax Shield

    The value of the tax write-off on depreciation of plant and equipment….

  • Corporation Tax

    English Legal System: Corporation Tax In the context of the English law, A Dictionary of Law provides the following legal concept of Corporation Tax : A tax on the worldwide profits of limited companies and certain other bodies resident or trading in the UK. Corporation tax started on 6 April […]

  • Cash Flow

    Financial Definition of Cash Flow Meaning of Cash Flow In investments, it represents earnings before depreciation , amortization and non-cash charges. Sometimes called cash earnings. Cash flow from operations (called funds from operations ) by […]

  • Maintenance

    Legal Definition and Related Resources of Maintenance Meaning of Maintenance Has a variety of meanings, depending upon the context. In relation to dependents, the term means primarily food, clothing and shelter; also includes such items as […]

  • Financial Accounting

    What is the meaning of Financial Accounting? A definition of Financial Accounting is provided here: The preparation of financial statements for people outside of the firm (for example, investors).

  • Capital Gain

    A term of art within the internal revenue code. As opposed to ordinary income, capital gain receives more favorable tax treatment. Only items representing capital interest may be treated as capital gain. Miller v C.I.R. (C.A.5)37I F.2d255.

  • Competitive Devaluation

    Competitive devaluation in Global Commerce Policy In this regard, competitive devaluation is: a government-induced depreciation or devaluation of the exchange rate aimed at undercutting the competition from other countries. The risk in doing so is that one ™s competitors may retaliate with […]

  • Balance

    Legal Definition and Related Resources of Balance Meaning of Balance The term is often used in the sense of residue or remainder , and in a general sense, may be defined as what remains or is left over. See commercial discount Co. v Holland, 289 […]

  • Estate

    Estate

    Legal Definition and Related Resources of Estate Meaning of Estate The degree, quantity, nature and extent of interest which a person has in real property is usually referred to as an estate and it varies from absolute ownership down to naked […]

  • Estate

    Estate

    Legal Definition and Related Resources of Estate Meaning of Estate The degree, quantity, nature and extent of interest which a person has in real property is usually referred to as an estate and it varies from absolute ownership down to naked […]

  • Annuity Depredation Method

    Meaning of Annuity Depredation Method Resources See Also Depreciation Method

  • Value

    Value

    The utility of an object in direct or indirect relation to the needs or desires of human beings. In this sense it is known as value in use. It also means the power of purchasing other goods or services which the possession of that object conveys, in which sense it is called value in exchange.…