depreciation allowance
noun[C]
ukusACCOUNTING,TAX
theamount,basedon thedepreciationofassets, that abusinesscanreduceitsprofitby whentaxesarecalculated:
Thebillwillchangethedepreciationallowancethatbusinessescanclaimonequipmentpurchaseswhenfilingtheirfederalincometaxes.