What is another word for depreciation allowance?
Pronunciation: [dɪpɹˌiːʃɪˈe͡ɪʃən ɐlˈa͡ʊəns] (IPA) 
Depreciation allowance refers to the reduction in the value of an asset over time. It allows businesses and individuals to claim the reduction in value of their assets as a tax deduction. Synonyms for depreciation allowance include capital allowance, depreciation write-off, asset write-off, amortization, and wear and tear allowance. Capital allowance is a term commonly used in the United Kingdom and is similar to depreciation allowance. Depreciation write-off refers to the process of expensing the cost of an asset over its useful life. Asset write-off is a term used to describe the reduction of an asset's value to zero. Amortization and wear and tear allowance are also frequently used terms to describe the reduction of an asset's value over time.
