Outrageously Funny Word Dictionary :: Depreciates

👉 The term "depreciates" refers to a decrease in value or quality of something, such as a property, asset, or an item. This can be due to factors like wear and tear, changes in market conditions, or unexpected events that affect its functionality. The act of depreciation is typically recognized as part of the accounting process for financial reporting purposes, allowing companies to adjust their revenue recognition and tax treatment accordingly.

depreciates