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  1. Dictionary
    depreciation
    /dɪˌpriːʃɪˈeɪʃn/

    noun

    • 1. a reduction in the value of an asset over time, due in particular to wear and tear: "provision should be made for depreciation of fixed assets"
    • 2. the expression of a negative view of someone or something; criticism or disapproval: "his reputation has suffered unduly from the depreciation of Pope and Johnson"

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  2. www.britannica.com › money › depreciationDepreciation | Taxes, Accounting, Assets | Britannica Money

    Jul 19, 2024 · depreciation, in accounting, the allocation of the cost of an asset over its economic life. Depreciation covers deterioration from use, age, and exposure to the elements. It also includes obsolescence—i.e., loss of usefulness arising from the availability of newer and more efficient types of goods serving the same purpose.

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  4. www.accountingtools.com › articles › what-is-the-purpose-ofThe purpose of depreciation — AccountingTools

    Jul 19, 2024 · The purpose of depreciation is to match the expense recognition for an asset to the revenue generated by that asset. This is called the matching principle.

  5. www.freshbooks.com › hub › accountingHow to Calculate Depreciation - FreshBooks

    Jul 17, 2024 · Depreciation is a way for businesses to allocate the cost of fixed assets, including buildings, equipment, machinery, and furniture, to the years the business will use the assets. For book purposes, most businesses depreciate assets using the straight-line method.

  6. www.accountingtools.com › articles › what-are-the-causes-ofThe causes of depreciation — AccountingTools

    Jul 19, 2024 · Depreciation is a ratable reduction in the carrying amount of a fixed asset. It is intended to roughly reflect the actual consumption of the underlying asset.

  7. swoopfunding.com › uk › business-glossaryDepreciation definition: What is depreciation? | Swoop

    Jul 9, 2024 · Definition. Depreciation refers to the systematic allocation of the cost of a tangible asset over its useful life. It is an accounting method used to recognise the gradual reduction in the value of an asset as it is used, consumed, or becomes obsolete over time. What is depreciation?

  8. www.wikihow.com › Calculate-Depreciation-on-Fixed-Assets4 Ways to Calculate Depreciation on Fixed Assets - wikiHow

    Jul 7, 2024 · Depreciation is the method of calculating the cost of an asset over its lifespan. Calculating the depreciation of a fixed asset is simple once you know the formula. === Using Straight Line Depreciation ===

  9. www.investopedia.com › terms › dDeclining Balance Method: What It Is and Depreciation Formula

    Jun 28, 2024 · The declining balance method is an accelerated depreciation system of recording larger depreciation expenses during the earlier years of an asset’s useful life.