Depreciation

In accountancy, depreciation refers to two aspects of the same concept: first, an actual reduction in the fair value of an asset, such as the decrease in value of factory equipment each year as it is used and wears, and second, the allocation in accounting statements of the original cost of the assets to periods in which the assets are used.

Back to Buying & Ownership →

Source: Wikipedia · Image: Wikimedia Commons · CC BY-SA 3.0

AUTOSHYPE

Cars, performance, and the road ahead — reviews, tech, and the calculators every driver needs.

Get new guides by emailOccasional emails. No spam. Unsubscribe anytime.

InformationAbout Contact Privacy Policy Terms of Service Disclaimer Affiliate Disclosure Cookie Policy

Every species, image, fact, and figure is drawn from Wikipedia and Wikimedia Commons, used under public-domain and Creative Commons licenses. No content is AI-generated.