Definition
depreciable
adjective
- capable of being depreciated; subject to a decrease in value over time, especially for accounting or tax purposes
Usage: commonly used in accounting and finance contexts; typically refers to tangible assets such as equipment, buildings, or vehicles
Examples
- The company listed all depreciable assets on its balance sheet.
- Office furniture is considered a depreciable asset with a useful life of seven years.
- Depreciable property includes machinery, vehicles, and buildings used in business.
- The tax code allows businesses to deduct depreciation on depreciable equipment.
- Land is generally not depreciable, but the building constructed on it is.