Annual depreciation expressed as a percentage of the original cost of tangible capital assets (excluding land). Formula: Depreciation x 100 ÷ Depreciable fixed assets.
Table of annual apportionments of the depreciable cost of tangible capital assets to future accounting periods.
Percent rate at which an asset is depreciated in any one of the methods for computing depreciation. It is computed by dividing the depreciable cost of the asset by the number of years in (or by the number of units of output or usage during) the asset's estimated productive or useful life.
The portion of a tangible capital asset that is deemed to have been consumed or expired, and has thus become an expense.
Original purchase price (initial book value) of a tangible capital asset less its residual value at the end of its estimated useful life. Used in computing depreciation on the assets.
Tangible personal or real property held for or employed in the generation of income and having an economic life of more than one year.
Deduction allowed in the computation of taxable income for a person who qualifies as the taxpayer's dependent.
The overhead rate of a specific department engaged in a production process. The rate is based on the department's direct and indirect costs and a measure of a department's activities such as labor or machine hours.
