Depreciation Asset List is the official business term used to describe a list of assets that are subject to depreciation. The purpose of the list is to track the value of each asset over time, and it can be used to calculate how much of a business’s income should be allocated for depreciation. It also helps businesses keep an inventory of their assets so they know what resources they have at their disposal. By keeping track of all assets, businesses can more accurately plan for future expenses and budgeting.