Accelerated depreciation

Tax Glossary Definition

Accelerated depreciation

Accelerated Depreciation – A depreciation method that allows taxpayers to claim higher depreciation deductions during the early years of an asset’s useful life, typically applied to business assets like plant and machinery. It helps reduce taxable income in the initial years, promoting investment and capital formation.

Example: A company using the written-down value (WDV) method claims higher depreciation in the first few years for newly purchased machinery.

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