Tax-Free Recovery

Depreciation Reserve
A depreciation reserve, also known as accumulated depreciation, is the total depreciation charged against all productive assets as stated on the balance sheet. It allows for realistic reduction in the value of productive assets and facilitates tax-free recovery of the original investment in assets.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.