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English definition of “depreciation recovery”

depreciation recovery

noun [S or U]     (also recovery) ACCOUNTING, TAX, FINANCE
the process of paying for an asset's depreciation (= gradual loss in value over time ) by paying less tax on them for a period of years : For these assets , you can use 3-, 5-, or 10-year depreciation recovery periods . the recovery of the cost of long-lived assets
(Definition of depreciation recovery noun from the Cambridge Business English Dictionary © Cambridge University Press)
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