depreciation allowance Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “depreciation allowance” in the English Dictionary

"depreciation allowance" in Business English

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depreciation allowancenoun [C]

uk   us  
ACCOUNTING, TAX the ​amount, ​based on the depreciation of ​assets, that a ​business can ​reduce its ​profit by when ​taxes are ​calculated: The ​bill will ​change the ​depreciationallowance that ​businesses can ​claim on ​equipmentpurchases when ​filing their ​federalincometaxes.
(Definition of depreciation allowance from the Cambridge Business English Dictionary © Cambridge University Press)
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