Depreciation for Dummies
noun
pronunciation: dɪ,priʃi'eɪʃənWhat does Depreciation really mean?
Hey there! So, "depreciation" is a pretty big word, but I'll do my best to explain it to you in a simple way. Basically, depreciation means that something loses value over time. It's like when you have a brand new toy, and as you play with it and it gets older, it doesn't seem as exciting or valuable as it did when it was new.
In terms of money and business, depreciation is when the value of something, like a car or a piece of equipment, goes down as time goes on. For example, imagine you have a really fancy computer. When you first buy it, it's worth a lot, but as newer, better computers come out, its value goes down because it's not as advanced or as useful as the newer models. That decrease in value over time is depreciation.
Another way to think about it is like when you buy a new car. As soon as you drive it off the lot, it starts to lose value because it's not brand new anymore. That decrease in value as it gets older and as new models come out is called depreciation.
So, to sum it up, depreciation is just the decrease in value of something over time. Whether it's a toy, a car, or something else, it's all about how it becomes less valuable as it gets older. I hope that makes sense to you! Let me know if you have any other questions about it.
In terms of money and business, depreciation is when the value of something, like a car or a piece of equipment, goes down as time goes on. For example, imagine you have a really fancy computer. When you first buy it, it's worth a lot, but as newer, better computers come out, its value goes down because it's not as advanced or as useful as the newer models. That decrease in value over time is depreciation.
Another way to think about it is like when you buy a new car. As soon as you drive it off the lot, it starts to lose value because it's not brand new anymore. That decrease in value as it gets older and as new models come out is called depreciation.
So, to sum it up, depreciation is just the decrease in value of something over time. Whether it's a toy, a car, or something else, it's all about how it becomes less valuable as it gets older. I hope that makes sense to you! Let me know if you have any other questions about it.
Revised and Fact checked by John Smith on 2023-11-09 18:59:28
Depreciation In a sentece
Learn how to use Depreciation inside a sentece
- The value of a car decreases over time, this is called depreciation.
- When a company buys new equipment, its value goes down each year due to depreciation.
- If you buy a house, it may lose value over time due to depreciation.
- The value of a computer depreciates as soon as it is taken out of the store.
- Depreciation can be seen in the wearing out of clothes and shoes over time.
Depreciation Synonyms
Words that can be interchanged for the original word in the same context.
Depreciation Antonyms
Words that have the opposite context of the original word.
Depreciation Hypernyms
Words that are more generic than the original word.
Depreciation Hyponyms
Words that are more specific than the original word.