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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