Noun. 1. specific heat-the heat required to raise the temperature of one gram of a substance one degree centigrade. heat, heat energy-a form of energy that is transferred by a difference in temperature. 1  Facebook.
You begin to depreciate your property when you place it in service for use in your trade or business or for the production of income. You stop depreciating property either when you have fully recovered your cost or other basis or when you retire it from service, whichever happens first.
Industrial buildings are depreciated on a straight line method, 4% per year. Companies involved in enterprise zones can claim 100% depreciation for commercial buildings. U.K. Personal Credits and Deductions For British residents, the first annual income of GBP 9,440 is tax exempt in 2013-14.