Small Business Resources, Business Advice and Forms from AllBusiness.com

Depreciation

The best tips and advice from our vast library of articles, videos, and business tools

Merchant Cash Advance
What type of business do you own?
Number of years you've processed credit cards:

Business Glossary
icon - industry associations

Definitions for: group depreciation
group depreciation

method for depreciating multiple-asset accounts using one rate. It is used to depreciate a collection of assets that are similar in nature and have approximately the same useful lives such as equipment. The method approximates a single unit cost procedure since the dispersion from the average is not significant. The method of computation and journal entries are basically the same as that of the composite depreciation.

Copyright © 2005, 2000, 1995, 1987 by Barron's Educational Series, Inc., Reprinted by arrangement with Publisher.

Search the Business Glossary:

icon - industry associations

Industry Associations

Industry Associations
World Federation of Pipe Line Contractors Associations
Represents worldwide pipeline contractors. Supports the update and exchange of information of mutual interest including equipment depreciation, tax structure, and union issues.

Members: 5
Founded: 1977