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Meaning of depreciation

de•pre•ci•a•tion

Pronunciation: (di-prē"shē-ā'shun), [key]
— n.
  1. decrease in value due to wear and tear, decay, decline in price, etc.
  2. such a decrease as allowed in computing the value of property for tax purposes.
  3. a decrease in the purchasing or exchange value of money.
  4. a lowering in estimation.
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.
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