- decrease in value due to wear and tear, decay, decline in price, etc.
- such a decrease as allowed in computing the value of property for tax purposes.
- a decrease in the purchasing or exchange value of money.
- a lowering in estimation.
Origin of depreciation
Examples from the Web for depreciation
If the treasury lets you accelerate the depreciation of your jet, they'll collect less tax revenue now, but more in year six.
Because during the first five years of the new schedule, the depreciation amounts are slightly lower.
At least some of the depreciation for the rest of the jets stretches beyond the window.
With 5-year depreciation, the annual depreciation deduction will be $10 billion, saving companies about $3.5 billion in taxes.
All of which leads to the same conclusion: the depreciation schedule doesn't matter.
"There's a good view from the window," he said to console her for his depreciation of the picture.The Foolish Lovers
St. John G. Ervine
But there were social as well as moral reasons for the depreciation of Malory and Boccaccio.John Lyly
John Dover Wilson
This is not said in depreciation of England's military powers.The Coming Conquest of England
It may put on the garb of humility, and use the language of depreciation.Quiet Talks on Power
If neither is undertaken, depreciation sets in all the faster.
- 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
- accounting a modified amount permitted for purposes of tax deduction
- the act or an instance of depreciating or belittling; disparagement
- 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 ratesCompare devaluation (def. 1)
Word Origin and History for depreciation
1767, "a lowering of value" (originally of currency), noun of action from depreciate. Meaning "loss of value of a durable good by age or wear" is from 1900.
A decline over time in the value of a tangible asset, such as a house or car.