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depreciation definition - finance
The loss, over time, in the value of an asset such as plant, equipment, and vehicles. Depreciation accounts for the decline in the value of the asset as it ages. Several methods are used for calculating depreciation, including straight-line depreciation, accelerated depreciation, and the accelerated cost recovery system. See also straight-line depreciation method.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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