Accrued Depreciation

From a tax standpoint, the amount of value of a property or chattel which has already accumulated (but has not been claimed) as a result of the decrease in the value of that property due to the passage of time and the use of the property or chattel.

Related Terms:

1. Abut
2. Accelerated Depreciation
3. Accrued
4. Accrued Interest
5. Adjusted Cost Base