Depreciation

Decrease in the value of property over time due to use or wear and tear.

Decrease in home or property value due to age or wear and tear.

The act of lowering an item´s value due to use or wear and tear.

Certain assets, such as buildings and equipment, depreciate, or decline in value, over time.

You can amortize, or write off, the cost of such an asset over its estimated useful life, thereby reducing your taxable income without reducing the cash you have on hand.

A decline in the value of a house due to changing market conditions or lack of upkeep on a home.

A decrease in the value or price of a property due to changes in market conditions, wear and tear on the property, or other factors.

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.