Business Dictionary :
Depreciate
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Depreciate : verb : to reduce the value of assets in accounts
We depreciate our company cars over three years.
Depreciate : verb : to lose value
Share which has depreciated by 10% over the year…
The pound has depreciated by 5% against the dollar.
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
A share which has shown a depreciation of 10% over the year.
The depreciation of the pound against the dollar...
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)
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