depreciation

depreciation (di-pree-shee-ay-sh[schwa]n), n. A decline in an asset’s value because of use, wear, or obsolescence. Cf. APPRECIATION; AMORTIZATION(2). — depreciate, vb. — depreciable, adj.

accumulated depreciation. The total depreciation currently recorded on an asset. • On the balance sheet, an asset’s total cost less accumulated depreciation reflects the asset’s book value.

— Also termed accrued depreciation.

annual depreciation. The annual loss to property due to regular wear and tear.

functional depreciation. Depreciation that results from the replacement of equipment that is not yet worn out, but that is obsolete in light of a new invention or improved machinery allowing more efficient and satisfactory production.


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资深译员文楷,毕业于亚洲一流的高级翻译学院,擅长翻译各类与电信、媒体和技术相关的法律文件。
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