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Depreciate
Depreciate : verb : to lose value
Depreciation : noun : reduction in value of an asset Depreciation Rate = rate at which an asset is depreciated each year in the accounts Accelerated Depreciation = system of depreciation which reduces the value of assets at a high rate in the early years to encourage companies, as a result of tax advantages, to invest in new equipment Annual Depreciation = reduction in the book value of an asset at a certain rate per year Straight Line Depreciation = depreciation calculated by dividing the cost of an asset by the number of years it is likely to be used NOTE : no plural Depreciation: noun : loss of value QUOTE : This involved reinvesting funds on items which could be depreciated against income for three years. (Australian Financial Review) QUOTE : Buildings are depreciated at two per cent per annum on the estimated cost of construction. (Hong Kong Standard) Business Dictionary Index |
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