top of page
frames-for-your-heart-2d4lAQAlbDA-unsplash.jpg

Definition

A physical asset (like appliances, carpet, or other property chattels) whose cost can be spread (depreciated) over its useful life for accounting and tax purposes. In NZ, assets above a certain value (generally $1,000) are depreciated over time rather than expensed immediately."

Depreciable Tangible Asset

Confused by another property jargon?

bottom of page