Meaning of “depreciation recovery” in the English Dictionary


"depreciation recovery" in Business English

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depreciation recoverynoun [ S or U ]

uk us 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” from the Cambridge Business English Dictionary © Cambridge University Press)