MLchartDataset catalogue

Depreciation reserve

Term · Law · MLC-T-LAW-001579

An accumulated amount set aside to account for the decrease in value of an asset over its useful life, often referred to as accumulated depreciation. This reserve is a contra-asset account on the balance sheet, reducing the book value of the related asset. It represents the portion of an asset's cost that has already been expensed.

Table 1. Record
IdentifierMLC-T-LAW-001579
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-001579",
  "term": "Depreciation reserve",
  "field": "Law",
  "definition": "An accumulated amount set aside to account for the decrease in value of an asset over its useful life, often referred to as accumulated depreciation. This reserve is a contra-asset account on the balance sheet, reducing the book value of the related asset. It represents the portion of an asset's cost that has already been expensed.",
  "url": "https://mlchart.com/terminology/law/depreciation-reserve/"
}

Record 1,447 of 5,441 in Law terminology (MLC-0107). Request the full dataset.