Depreciation

Rarity: Rare

A topic known well beyond its field, found in many languages.

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At a glance

Class

Notion

Domain

Science and technology

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What Wikipedia says

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 (depreciation with the matching principle).

Excerpt from the Wikipedia article “Depreciation”, under the CC BY-SA 4.0 license. Read the article on Wikipedia

Image: João Pimentel Ferreira, CC BY-SA 3.0, via Wikimedia Commons.