All > Business > Finance > Personal Finance

• 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.

  Yahoo Finance - Cite This Source - This Definition
  ×

  Cite Definition for Depreciation

  American Psychological Association (APA)

  Depreciation. (n.d.). Yahoo Personal Finance Glossary. Retrieved June 5, 2023, from website: http://www.expertglossary.com/definition/depreciation.

  Chicago Manual of Style (CMS)

  Depreciation. finance.yahoo.com. Yahoo Personal Finance Glossary. Yahoo Finance. http://www.expertglossary.com/definition/depreciation (accessed: June 5, 2023).

  Modern Language Association (MLA)

  "Depreciation." Yahoo Personal Finance Glossary. Yahoo Finance. 5 June. 2023 http://www.expertglossary.com/definition/depreciation.

• Browse Related Terms: Accelerated death benefit, Asset, Cash surrender value, Cash value account, Credit Life Insurance (CLI), Death benefit, Decreasing term insurance, Depreciation, Face value, Insurance trust, Life settlement, Lump sum, Pension maximization, Permanent insurance, Straight life, Survivorship life, Universal life insurance, Viatical settlement, Whole life insurance

Also listed in:

• All > Business > Finance > Insurance > Auto Insurance
• All > Business > Finance > Insurance > Homeowners Insurance
• All > Business > Real Estate
• All > Business > Small Business