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depreciation
(redirected from Depreciating asset)

    Also found in: Medical, Legal, Financial, Encyclopedia, Wikipedia 0.02 sec.

depreciation

In economics, the decline of a currency's value in relation to other currencies. Depreciation is also an accounting procedure applied to tangible assets. It describes the decrease in value of the asset (such as factory machinery) resulting from usage, obsolescence, or time. Amortization is used for intangible assets and depletion for wasting assets. Depreciation is applied to assets yearly, each time reducing the net book value of the asset. It is an important factor in assessing company profits and tax liabilities.



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? Mentioned in ? References in periodicals archive
 
Dear Diane: Yes, you should sell it and soon because, as you know, a car is a depreciating asset.
Selling a Car To Get Ahead by Mary Hunt / Creators.com
Fast-forward an injury-ravaged 2½ years and Chris Mort, Shepherd's successor, appears to have a depreciating asset on his hands.
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You don't have to haggle with your mechanic over repair expenses, deal with hefty maintenance bills or worry about a depreciating asset.
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