Meaning of “accelerated depreciation” in the English Dictionary

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"accelerated depreciation" in Business English

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accelerated depreciationnoun [ U ]

uk us

ACCOUNTING a method by which a company reduces an asset’s value in its accounts by more in the early years of its life than in later years:

Accelerated depreciation allows a business to claim tax deductions on an asset now rather than later.

(Definition of “accelerated depreciation” from the Cambridge Business English Dictionary © Cambridge University Press)