Glossary of Terms

Print Friendly, PDF & Email

Accelerated Depreciation

A depreciation method, such as the Modified Accelerated Cost Recovery System, that allows write-offs more quickly than the straight-line method, which allows write-offs in equal increments as tax in each tax year. This depreciation is useful for companies with tax bills that can offset taxable income. (Courtesy www.elfaonline.org)

« Back