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This website publishes administrative rules on their effective dates, as designated by the adopting state agencies, colleges, and universities.

Rule 1301:9-2-15 | Depreciation and amortization.

 

The term "depreciation" means the systematic allocation of the cost of an asset to expense over the accounting periods making up the asset's useful life according to GAAP.

Supplemental Information

Authorized By: 1733.41
Amplifies: 1733.04
Five Year Review Date: 11/24/2023
Prior Effective Dates: 2/11/1988, 8/3/1993, 7/1/2006, 3/22/2012