Over the last several years, most countries’ tax laws discarded the concept of estimated useful life; each asset’s depreciation is nowadays computed over a period of years as prescribed by the laws for that type of property.
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over the last several years = in ultimii cativa ani
tax laws = legi fiscale; legislatie fiscala
most countries’ tax laws = legislatia fiscala a celor mai multe dintre tari
discarded = a inlatura, a renunta la
concept = concept
estimated useful life = durata de utilizare estimata
each asset’s depreciation = amortizarea fiecarui activ
nowadays = in ziua de azi, in prezent
computed = calculat(a)
over a period of years = pe o perioada de ani
as prescribed by the laws = dupa cum este prescris prin lege
for that type of property = pentru acel tip de proprietate
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Such periods prescribed by the law are called prescribed recovery periods.
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such periods = astfel de perioade
prescribed by the law = prescrise de lege
prescribed recovery periods = perioade de recuperare prescrise [de lege]
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