depreciation allowance (Meaning)
Wordnet
depreciation allowance (n)
an allowance for loss due to depreciation
Synonyms & Antonyms of depreciation allowance
No Synonyms and anytonyms found
depreciation allowance Sentence Examples
- The company claimed a significant depreciation allowance for the new equipment purchased during the tax year.
- As per tax regulations, businesses can avail of a depreciation allowance for eligible assets over their useful life.
- The government introduced a new depreciation allowance scheme to incentivize investment in renewable energy technologies.
- Small businesses often rely on depreciation allowances to offset taxable income.
- Proper documentation is essential to claim a depreciation allowance on fixed assets.
- The depreciation allowance for vehicles used for business purposes varies based on mileage and usage.
- Accountants play a crucial role in accurately calculating depreciation allowance for financial reporting purposes.
- Certain industries may receive special depreciation allowances to encourage growth and innovation.
- The depreciation allowance for buildings typically follows a straight-line method over a set number of years.
- Taxpayers should consult with financial advisors to maximize their depreciation allowance and minimize tax liabilities.
FAQs About the word depreciation allowance
an allowance for loss due to depreciation
No synonyms found.
No antonyms found.
The company claimed a significant depreciation allowance for the new equipment purchased during the tax year.
As per tax regulations, businesses can avail of a depreciation allowance for eligible assets over their useful life.
The government introduced a new depreciation allowance scheme to incentivize investment in renewable energy technologies.
Small businesses often rely on depreciation allowances to offset taxable income.
