Legal-Explanations.com - Legal resources in plain English
Legal-Explanations.com Home > Legal Definitions
 

Depreciation Reserve

n. Reserve of funds which is accumulated each year of an asset's life so that the business can replace it when it becomes obsolete and totally depreciated.

 
Legal-Explanations.com Home
About us | Contact us | Privacy | Terms of service

2004 - 2007 Legal-Explanations.com. All rights reserved