The Open Dictionary

depreciation

noun

UK/dɪˌpriː.ʃiˈeɪ.ʃᵊn/
US/dɪˌpriː.ʃiˈeɪ.ʃᵊn/

Definitions of depreciation noun

  1. Uncountable

    the decline in the value of an asset over time

    • The company's equipment experienced significant depreciation due to increased market competition.

    • The accountant calculated the depreciation of the assets to accurately reflect their current value.

    • The depreciation of a car can be quite rapid over time.