Depreciation

Term · Environment · MLC-T-ENV-007672

1. Reduction in value of an item caused by the elapse of time between the date of acquisition and the date of loss or damage.

2. Charge to current operations that distributes the cost of a tangible capital asset, less estimated residual value, over the estimated useful life of the asset in a systematic and logical manner. It does not involve a process of valuation.

Table 1. Record
Identifier	MLC-T-ENV-007672
Field	Environment
References	40 CFR 14.2 (CFR 2018); 48 CFR 2.101 (CFR 2018)

Record as JSON

{
  "id": "MLC-T-ENV-007672",
  "term": "Depreciation",
  "field": "Environment",
  "definition": "1. Reduction in value of an item caused by the elapse of time between the date of acquisition and the date of loss or damage.\n\n2. Charge to current operations that distributes the cost of a tangible capital asset, less estimated residual value, over the estimated useful life of the asset in a systematic and logical manner. It does not involve a process of valuation.",
  "references": [
    "40 CFR 14.2 (CFR 2018)",
    "48 CFR 2.101 (CFR 2018)"
  ],
  "url": "https://mlchart.com/terminology/environment/depreciation/"
}

Record 7,672 of 30,736 in Environment terminology (MLC-0121). Request the full dataset.