depreciation

noun/dɪˌpriʃiˈeɪʃən/

Frequency rank: #8,837 most common English word

Meaning

A reduction in the value of an asset over time, especially due to wear and use.

Illustration for the English word “depreciation”

Example sentence

The accountant calculated the annual depreciation of the company's machinery to update the financial records.

Synonyms & related words

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