FUNDED DEPRECIATION ACCOUNT Definition

Bookmark and Share

FUNDED DEPRECIATION ACCOUNT is a reserve setup to cover the replacement cost of those capital assets covered within the depreciation schedule.

Learn new Accounting Terms

EQUITY INSTRUMENT covers any share (or part thereof) in the equity share capital of a company (or a comparable member's interest in a close corporation). The term also includes share options and any other financial instrument convertible into a share (such as a convertible debenture).

LESSOR is the party who conveys specified property to another for a period of time in return for the receipt of rent.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.