Depreciation Expense

Data Tag

Definition

Depreciation is an accounting method of allocating the cost of a tangible asset over its useful life. Businesses depreciate long-term assets for both tax and accounting purposes. For tax purposes, businesses can deduct the cost of the tangible assets they purchase as business expenses; however, businesses must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken.

Details

Intrinio Tag
depreciationexpense
Statements Income Statement, Cash Flow Statement
Templates Industrial, Financial
Type Metric
Units USD
Historical? Yes
Screenable? Yes

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