Declining-Balance Method at Real Estate Glossary
What is it? An accounting method of depreciation for income-tax purposes designed to provide larger-than-straight-line deductions in the early years of a propertys life, and applicable to property placed in service before 1981.Real Estate Definition Added By: Noah
The Declining-Balance Method definition has been viewed 188 Time(s)!
Send To Friends!
If you'd like to send the Declining-Balance Method definition to yourself or to your friends/colleagues, just enter the e-mail addresses in the boxes below -We hope you now understand the meaning of Declining-Balance Method. If you need any more information on this term, please don't hesitate to contact us.
Other Similar Real Estate Terms:
Real Estate Term Writ Of Execution is A court order authorizing and directing an officer of the court (sheriff, police officer) to levy and sell property of the defendant to satisfy a judgement.Real Estate Term Sellers market is A hot real estate market in which sellers have the advantage and multiple offers are common.
Real Estate Term Tenant is In general, one who exclusively holds or possesses property, such as a life tenant or a tenant for years; commonly used to refer to a lessee under a lease. A tenants occupancy, although exclusive, is always subordinate to the rights of the owner. Tenant
Real Estate Term Annual mortgagor statement is A yearly statement to borrowers that details the remaining principal and amounts paid for taxes and interest.
Real Estate Term Express Authority is The stated (written or verbal) authority of an agent. (See express agency)