The lifetime of an asset as determined by accounting methods. ACRS Accelerated Cost Recovery System ADR Asset Depreciation Range Ad Valorem Taxes From the Latin meaning literally according to the worth . Also known as property taxes and other taxes, these taxes usually recur annually and receive the same mathematical treatment in an economic study as expenses like maintenance and repairs. AEC Annual Equivalent Costs, which see. The recovery of the capital cost of an asset by means of periodic charges to operations.
Depreciation is an example.
The gradual extinction of a debt by periodic repayments to a fund or creditor. The repayment of capital for a project plus the return on capital while the capital is being used by the project, expressed as a uniform annual amount. A type of comparative cost study where all relevant cash flows are converted into annual costs. A series of equal cash flows occurring each period over a range of periods. Asset Items owned which may be convertible into cash including cash, accounts receivable, inventory, promissory notes, securities, machinery, tax credits, and real estate.