Depreciation (noun) Definition, Meaning & Examples

noun
  1. decrease in value due to wear and tear, decay, decline in price, etc.
  2. such a decrease as allowed in computing the value of property for tax purposes.
  3. a decrease in the purchasing or exchange value of money.
  4. a lowering in estimation.
noun
  1. accounting
    • the reduction in value of a fixed asset due to use, obsolescence, etc
    • the amount deducted from gross profit to allow for such reduction in value
  2. a modified amount permitted for purposes of tax deduction
  3. the act or an instance of depreciating or belittling; disparagement
  4. a decrease in the exchange value of currency against gold or other currencies brought about by excess supply of that currency under conditions of fluctuating exchange rates
Depreciation (noun) Definition, Meaning & Examples

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