economic depreciation

economic depreciation definition - business

economic depreciation

A loss in the market value of an asset caused by factors other than the physical condition of the property. For example, a drug store may decline in value because of a change in the composition of the neighborhood population.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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