Composite Depreciation

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Definition: Composite Depreciation

Composite Depreciation
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Full Definition of Composite Depreciation

A method for calculating depreciation for a group of assets with different effective lifetimes. Composite depreciation involves using an average, or weighted average, of the depreciation rates of all the assets to calculate the depreciation for each asset in the group.

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https://payrollheaven.com/define/composite-depreciation/
Modern Language Association (MLA):
Composite Depreciation. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
April 19, 2024 https://payrollheaven.com/define/composite-depreciation/.
Chicago Manual of Style (CMS):
Composite Depreciation. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/composite-depreciation/ (accessed: April 19, 2024).
American Psychological Association (APA):
Composite Depreciation. PayrollHeaven.com. Retrieved April 19, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/composite-depreciation/

Definition Sources

Definitions for Composite Depreciation are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.