depreciation allowance - definition in the Business English Dictionary - Cambridge Dictionaries Online

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English definition of “depreciation allowance”

depreciation allowance

noun [C]
 
 
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 depreciation allowance that businesses can claim on equipment purchases when filing their federal income taxes.
(Definition of depreciation allowance from the Cambridge Business English Dictionary © Cambridge University Press)
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