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depreciation
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   Also found in: Dictionary/thesaurus, Medical, Legal, Financial, Encyclopedia, Wikipedia 0.01 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?   Hutchinson browser?   Full browser?
 
Global write-downs of toxic debt among banks and other financial institutions in the United States, Europe and Japan could reach $4.
Bovis also warned they were expecting to make a write-down on their inventory in December.
Bovis also warned that it is expecting to make a write-down on its inventory in December.
 
 
 
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