Condition-Based Depreciation

Condition-Based Depreciation is the determination of accumulated depreciation as the cost in any reporting period of restoring an asset's gross service potential, based on the condition of the asset within the period. Changes from year to year in cumulative depreciation so determined represent the annual depreciation.

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External Links & References

  1. Google Search
  2. Total Management Planning - Glossary of Terms
  3. An Asset Valuation Manual for Queensland Local Governments
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