Depreciation
(noun)
- A decrease in value of an asset over time, usually due to wear and tear, obsolescence, or market conditions.
- The process of depreciating an asset.
Origin:
From latin depretiare, from de- + pretiare to value, from pretium price.
Examples:
- The depreciation of the building was taken into account in the cost analysis.
- The depreciation of the equipment was calculated for the tax purposes.
- The car's depreciation was higher than expected.
- The company's accounting system uses straight-line depreciation method.
- The depreciation of the currency has made imports more expensive.