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LSDefine

Simple English definitions for legal terms

depreciable asset

Read a random definition: lucra nuptialia

A quick definition of depreciable asset:

A depreciable asset is something that a person or business owns that helps them make money and lasts for more than a year. Over time, the value of the asset goes down and the owner can get some money back for this loss. This is allowed by the government's tax rules.

A more thorough explanation:

A depreciable asset is a type of physical asset that is used for generating income or profit and has a useful life of more than a year. Over time, the value of the asset gradually reduces, and it is eligible for depreciation treatment under tax laws in accordance with the Internal Revenue Service rules.

For example, a company purchases a delivery truck for $50,000. The truck is expected to last for five years and will be used for delivering goods to customers. The company can claim compensation for the loss in the value of the truck over the five-year period, which is known as depreciation.

Another example is a manufacturing plant that is used for producing goods. The plant has a useful life of 20 years, and the company can claim depreciation on the plant over the 20-year period.

These examples illustrate how depreciable assets are used for generating income or profit and have a useful life of more than a year. They also show how the value of the asset gradually reduces over time, making it eligible for depreciation treatment under tax laws.

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Dkk
19:42
SEO is big money
2016 pushed the conservative party into populism irreversibly
Dkk
19:43
Maybe, but if this is populism, then every election is populist.
19:43
@Dkk: yeah register 1 website and every swinging tom dick and harry calls/emails/texts to 'help with seo'. like bruh, if YOU found it, what i am doing is working
Dkk
19:43
Indeed!
19:48
wasp, i think people are hopeful for a gov who at least attempts to care about the common man
MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
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