From Longman Dictionary of Contemporary Englishdepreciationde‧pre‧ci‧a‧tion /dɪˌpriːʃiˈeɪʃən/ noun [uncountable] VALUEa reduction in the value or price of something the depreciation of the dollar
Examples from the Corpus
depreciation• For instance, historical cost accounting yields much lower figures for depreciation than does inflation accounting.• Bert not being that clever with figures opts for straight line depreciation on all the fixed assets.• Straight-line depreciation is generally the easiest method to use.• Unlimited life goods are typically stored at historic cost in the balance sheet and there is no depreciation.• The law requires a charge to be made in lieu of depreciation for all assets financed from loans.• Also different accounting conventions will yield different measures of depreciation.• Standards such as those on depreciation and current cost accounting are so different from current practice that it is impossible to rationalize them.• We have said that depreciation in business can perform the function of maintaining capital.From Longman Business DictionaryLBED_11_adepreciationde‧pre‧ci‧a‧tion /dɪˌpriːʃiˈeɪʃən/ noun [uncountable]1when the value of something goes down, usually graduallyThe proposed site of the factory may lead to depreciation of property value in the immediate vicinity.2FINANCE when the value of a currency goes down compared to the currencies of other countries, causing imports to cost more and exports to be worth lessA currency depreciation can have a serious effect on the domestic rate of inflation.3ACCOUNTINGTAXLAWthe gradual loss in value of a FIXED ASSET that wears out over a number of years or needs to be replaced regularly. Under tax law, the amount lost each year can be taken away from a business’s profits, reducing the amount of tax to be paidThe calculation of depreciation for tax purposes is governed by the tax authority’s rules.Fixed assets are normally valued at cost, less provision for depreciation. → accelerated depreciation → accumulated depreciation → book depreciation 