Accelerated depreciation method
Accelerated depreciation method is the method that assures that more depreciation taken in the early years of an asset's life, decreasing amounts in later years.
Definitions
According to College Accounting: A Practical Approach by Slater (13th edition),
- Accelerated depreciation method. More depreciation taken in the early years of an asset's life, decreasing amounts in later years.
Related concepts
- Accounting (alternatively known as accountancy) is management of financial data, information, and knowledge about financial transactions of legal entities. Accountancy tends to include bookkeeping and, depending on a particilar enterprise, may also include quatitative analysis of financial data in the bookkeeping system and/or business intelligence.
