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Definition of


Accounting abbr

tax relief on acquired assets that lose value writing-down allowance: in the United Kingdom, a form of capital allowance giving tax relief to companies acquiring fixed assets that are then depreciated. This allowance forms part of the system of capital allowances.

Definitions of ’WDA’ and meaning of ’WDA’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’WDA’ and other financial terms with our online QFINANCE Financial Dictionary.

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