Physical Depreciation

Physical Depreciation

About Physical Depreciation:

Physical Depreciation (physical Deterioration) is the loss of value from all causes of age and the action of the elements. Sources of physical depreciation include breakage, deferred maintenance, effects of age on construction material, and normal wear and tear. Depreciation expense for tax purposes is generally based on the life set by law for the given type of property and is not necessarily related to the useful life of the property.

See Depreciation in the United States Encyclopedia of Law and Depreciation in the World Encyclopedia of Law.


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