Definition of Depreciation

a decrease in the value of something, especially due to wear and tear

Examples of Depreciation in a sentence

Depreciation of the car happened quickly, with the value dropping several thousand dollars as soon as the buyer drove off.  

Because the home showed depreciation, the owners couldn’t sell it for as much as they purchased it for.  

The economy professor explained the concept of currency depreciation and how money can decrease in value.  

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