Supply Chain Glossary - D

Supply Chain Glossary - D

deposition

The sworn questioning, outside of court, of a potential witness by the other side's attorney.

An allocation of the original value of an asset against current income to represent the declining value of the asset as a cost of that time period. Depreciation does not involve a cash payment. It acts as a tax shield and thereby reduces the tax payment. See: capital recovery, depletion, double-declining-balance depreciation, straight line depreciation, units-of-production depreciation.


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