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After the government publishes a reliable translated text in English through an official gazette, we will incorporate the Authentic English Text here.

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"Written down value" (in Bengali, "অবলোপিত মূল্য") means the written down value as defined in Part 1 of the Third Schedule.

The "Written Down Value" (WDV) method is a widely used method for computing depreciation in many tax jurisdictions, including Bangladesh. Under the WDV method: Depreciation is charged on the net book value (original cost minus accumulated depreciation) of the asset. Each year, the amount of depreciation charged reduces because it is a fixed percentage of the decreasing book value. As a result, the annual depreciation amount decreases over the life of the asset.

The Part 1 of Third Schedule provides the specific percentage rates and other detailed rules for the computation of depreciation and details how the written down value of assets should be computed for the purpose of income tax.

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2(68). "written down value" means the written down value as defined in the Third Schedule;