Accelerated Depreciation: Any depreciation method that produces larger deductions for depreciation in the early years of a asset's life. Accelerated cost recovery system (ACRS), which is a depreciation schedule allowed for tax purposes, is one such example.

 

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Accelerated Depreciation: Any depreciation method that produces larger deductions for depreciation in the early years of a asset's life. Accelerated cost recovery system (ACRS), which is a depreciation schedule allow . . . View Full Definition

Sum-Of-The-Years-Digits (SYD) Depreciation Method: The accelerated depreciation method in which a constant balance (cost minus salvage value) is multiplied by a declining depreciation rate.

Sum-Of-The-Years-Digits Depreciation: A method of recording accelerated depreciation. Also called the sum-of-digits method, it allows the depreciation of an asset based on an inverted scale of the total digits of the asset's use . . . View Full Definition

Declining-Balance Depreciation Method: An accelerated depreciation method in which an asset's book value is multiplied by a constant depreciation rate (such as double the straight-line percentage, in the case of double-declining-balance.)

Double-Declining-Balance Depreciation Method (DDB): Method of accelerated depreciation.

Modified Accelerated Cost Recovery System (MACRS): A 1986 act that set out rules for the depreciation of qualifying assets, allowing for greater acceleration over longer periods of time.

External Depreciation: Reduction in a propertys value caused by outside factors (those that are off the property).

Earnings Before Interest, Taxes, Depreciation, And Amortization (EBITDA): A financial measure defined as revenues less cost of goods sold and selling, general, and administrative expenses. In other words, operating and nonoperating profit before the deduction of i . . . View Full Definition

Accelerated Use: Accelerated use refers to a program that permits someone to use their purchased time in increasingly larger increments. For example, you have one week or year at a timeshare property with a . . . View Full Definition

Straight-Line Depreciation: Allows shareholder to cast all of the shareholder's votes for each candidate for the board of directors.