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

• Effective: November 26, 2018
• Promulgated Under: 119.03

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.

Last updated June 17, 2024 at 10:30 AM

Supplemental Information

Authorized By: 1733.41
Amplifies: 1733.04
Five Year Review Date: 5/15/2029
Prior Effective Dates: 2/11/1988, 8/3/1993, 7/1/2006, 3/22/2012