depreciation

Meanings

• Noun

  The process of reducing the value of an asset or property over time.

  - "The depreciation of the company's assets resulted in a significant loss for the year."
  - "The car's value depreciated rapidly after the first year of ownership."

• Noun

  A reduction in the value, merit, or prestige of something.

  - "The value of his stock options suffered depreciation after the company's earnings report."
  - "His reputation underwent a significant depreciation after the scandal."

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Rhymes

Words rhyming with depreciation
Appreciation , depreciation

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Variants

List of all variants of depreciation that leads to same result
depreciable , depreciate , depreciated , depreciates , depreciating , depreciatingly , depreciation , depreciations , depreciative , depreciator , depreciators , depreciatory

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Etymology

origin and the way in which meanings have changed throughout history.

The term 'depreciation' comes from the Latin word 'depreciare,' which means 'to lower in price' or 'to estimate the value of.'

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Trivia

Any details, considerations, events or pieces of information regarding the word

1. Depreciation is not a tax on income, but rather a method of allocating the cost of an asset over its useful life.

2. The Internal Revenue Service (IRS) allows businesses to use different methods of calculating depreciation, including the Straight-Line Method, the Sum-of-the-Years'-Digits Method, and the Declining Balance Method.

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Related Concepts

informations on related concepts or terms closely associated with the word. Discuss semantic fields or domains that the word belongs to

1. Amortization: Amortization is a method of accounting for the expensing of intangible assets over their useful lives.

2. Depreciable asset: A depreciable asset is any tangible asset that can be depreciated for tax purposes.

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Culture

Any cultural, historical, or symbolic significance of the word. Explore how the word has been used in literature, art, music, or other forms of expression.

Depreciation is a common concept in business and finance, where it refers to the decrease in value of an asset or property over time due to wear and tear or obsolescence. It is an important factor in financial reporting and can significantly impact a company's profitability.

How to Memorize "depreciation"

1. visualize
   

   - To visualize depreciation, imagine a graph with a line representing the value of an asset over time. The line starts high and then gradually decreases as the asset ages and wears down.

2. associate
   

   - To memorize depreciation, associate it with the idea of something losing value over time.

3. mnemonics
   

   - A mnemonic for depreciation could be 'Dollars Depreciate, Time Increases'.

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