Assertion: asset | /r/HasProperty | depreciated
Facets:
value: fully
type: DEGREE
Source sentences:
text: Some Assets Can Be Depreciated
text: What Assets Can Be Depreciated?
text: An asset that is longer-term in nature is more likely to be depreciated, while an asset that is shorter-term in nature is more likely to be recorded at its full value and then charged to expense all at once.
text: Most tangible assets, such as buildings, machinery, and equipment, can be depreciated.
text: As noted above, some assets can be depreciated; these are called depreciable assets
text: The asset is depreciated, usually straight-line, over 40 years (depreciation expense of $32.06 per year).
text: The asset is depreciated until the book value equals scrap value.
text: When using the double-declining-balance method, the salvage value is not considered in determining the annual depreciation, but the book value of the asset being depreciated is never brought below its salvage value, regardless of the method used.
text: For an asset to eventually reduce taxable income, it must be depreciated.
text: An asset that is fully depreciated and continues to be used in the business will be reported on the balance sheet at its cost along with its accumulated depreciation.
text: There will be no depreciation expense recorded after the asset is fully depreciated.
text: Before an asset can be depreciated, you (actually your accountant) must know several things:
text: Accountants use the term cost to refer specifically to business assets, and even more specifically to assets that are depreciated (called depreciable assets).