Depreciation - permalink
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- The decline in value of a limited-life tangible asset, such as a building, machine, vehicle, equipment, furniture, etc., due to age, and to the normal wear and tear of use. In general, depreciation assigns to a fiscal period a portion of the original cost of the capital cost asset.
City and County of Honolulu - Cite This Source - This Definition - Browse Related Terms: Amortization, assets, balance sheet, Equity, Lease, Liablities, net worth
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