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VORADictionaryB2Depreciation
CEFR B2 — Upper-Intermediate

Depreciation

Definition

A decrease in the value of something, especially an asset or property, over time, often due to wear and tear, age, or market conditions.

Example Sentences

1The company had to account for depreciation of its machinery over the past five years in its financial reports.
2Is depreciation of assets a significant expense for your business?
3The depreciation of the property's value was due to the construction of a new highway nearby.
4If you sell an asset after depreciation, you may be able to claim a tax deduction for the loss in value.
5The accountant had to calculate the annual depreciation of the company's vehicles to determine their current value.

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