Half-Year Convention For Depreciation What is the 'Half-Year Convention For Depreciation' The half-year convention for depreciation is the depreciation schedule that treats all property ac

Impaired Asset What is an 'Impaired Asset' An impaired asset is a company's asset that has a market price less than the value listed on the company's balance sheet. Accounts that are likel

Year To Date (YTD) What is 'Year To Date - YTD' Year to date (YTD) refers to the period beginning the first day of the current calendar or fiscal year up to the current date. YTD informati

Implicit Rental Rate What is 'Implicit Rental Rate' The opportunity costs that a firm incurs as a result of using their own assets for ongoing operations instead of other alternative uses.

DefinitionAccelerated depreciation refers to any one of several methods by which a company, for 'financial accounting' or tax purposes, depreciates a fixed asset in such a way that the amoun

Accelerated Cost Recovery System (ACRS) What is 'Accelerated Cost Recovery System - ACRS' A system of depreciation introduced by the Economic Recovery Tax Act of 1981. ACRS depreciation is

Abandonment And Salvage What is 'Abandonment And Salvage' An expression that describes the forfeiture of property and the ensuing claim over that property by a second party. Abandonment an

Salvage Value What is a 'Salvage Value' Salvage value is the estimated value that the owner is paid when the item is sold at the end of its useful life. The value is used to determine annu

DefinitionFixed assets, also known as tangible assets or property, plant and equipment, is a term used in accounting for assets and property that cannot easily be converted into cash. This c

Wear And Tear Exclusion What is 'Wear And Tear Exclusion ' A provision of an insurance contract that states that the normal, expected deterioration of the insured object will not be cover