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depreciation

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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 classic literature
 
There was an air of toleration or depreciation about his utterance of these words, that rather depressed me; and I was still looking sideways at his block of a face in search of any encouraging note to the text, when he said here we were at Barnard's Inn.
Great Expectations by Dickens, Charles View in context
The multiplicity of man-gods on the teeming sidewalks became a real bore to Michael, so that man-gods, in general, underwent a sharp depreciation.
Michael, Brother of Jerry by London, Jack View in context
She had become almost indifferent to her mother's habitual depreciation of her, but she was keenly alive to any sanction of it, however passive, that she might suspect in Tom.
The Mill on the Floss by Eliot, George View in context
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