current maintenance
Defined in 1 dictionary — Case Law
Definitions from Case Law
From 292 U.S. 151 - Lindheimer v. Illinois Bell Telephone Co. · 1934Most cited · 560 citing opinions
Depreciation is defined as the expense occasioned by the using up of physical property employed as fixed capital; current maintenance, as the expense occasioned in keeping the physical property in the condition required for continued use during its service life.