Depreciable Amount

Business, Legal & Accounting Glossary

Definition: Depreciable Amount


Depreciable Amount

Quick Summary of Depreciable Amount


Cost of a non-current (fixed) asset minus residual value.



Video Guide For Depreciable Amount




What is the dictionary definition of Depreciable Amount?

Dictionary Definition


The Depreciable Amount (also known as the basis for depreciation) is the cost of an asset, or other amount substituted for cost (in the financial statements), minus it’s residual value.


Full Definition of Depreciable Amount


  • The cost of an asset, or other amount substituted for cost (in the financial statements), less it’s residual value.
  • The cost of an asset, or other amount substituted for cost, less it’s residual value.
  • The cost of an asset, or other amount substituted for cost, less it’s residual value.

Depreciable cost is calculated by subtracting the salvage value of an asset from it’s cost.


Examples of Depreciable Amount in a sentence


By year three, £16,000 has been written off, 80% of the depreciable amount for the car.
That amount, £225, represents it’s cost and is the depreciable amount for tax purposes if the unit is eligible for tax depreciation.
The depreciable amount (cost less expected proceeds from disposal) of an item of property, plant or equipment should be allocated on a systematic basis over the course of its useful life.
The loss is calculated as the value of the un-reimbursed costs of the preparatory work done less the depreciated amount.
Adjustments for depreciation to the amount claimed have been made in accordance with the corresponding statutory regulations.


Synonyms For Depreciable Amount


basis for depreciation


Related Phrases


depreciable amount
net depreciable amount uk
depreciable amount method


Cite Term


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Page URL
https://payrollheaven.com/define/depreciable-amount/
Modern Language Association (MLA):
Depreciable Amount. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
April 19, 2024 https://payrollheaven.com/define/depreciable-amount/.
Chicago Manual of Style (CMS):
Depreciable Amount. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/depreciable-amount/ (accessed: April 19, 2024).
American Psychological Association (APA):
Depreciable Amount. PayrollHeaven.com. Retrieved April 19, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/depreciable-amount/

Definition Sources


Definitions for Depreciable Amount 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: 22nd November, 2021 | 0 Views.