MLchartDataset catalogue

Depreciable asset

Term · Law · MLC-T-LAW-001576

A tangible property, such as machinery, buildings, or vehicles, that loses value over time due to wear and tear, obsolescence, or consumption. Businesses deduct a portion of the asset's cost over its useful life, reducing their taxable income. Land is not considered a depreciable asset because it does not wear out.

Table 1. Record
IdentifierMLC-T-LAW-001576
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-001576",
  "term": "Depreciable asset",
  "field": "Law",
  "definition": "A tangible property, such as machinery, buildings, or vehicles, that loses value over time due to wear and tear, obsolescence, or consumption. Businesses deduct a portion of the asset's cost over its useful life, reducing their taxable income. Land is not considered a depreciable asset because it does not wear out.",
  "url": "https://mlchart.com/terminology/law/depreciable-asset/"
}

Record 1,444 of 5,439 in Law terminology (MLC-0107). Request the full dataset.