depreciation
noun/dɪˌpriːʃiˈeɪʃn/
/dɪˌpriːʃiˈeɪʃn/
- [uncountable, countable] a decrease in value over a period of time
- currency depreciation
- The currency suffered steep depreciations in the exchange rate.
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- [uncountable] (business) the act of reducing the value, as stated in the company's accounts, of a particular asset over a particular period of time
- the depreciation of fixed assets
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depreciation