rate of depreciation

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Definitions from WordNet

Noun rate of depreciation has 1 sense

rate of depreciation, depreciation rate - the rate at which the value of property is reduced; used to calculate tax deduction
--₁ is a kind of rate, charge per unit

Definitions from the Web

Term: Rate of Depreciation

Description:

The term "rate of depreciation" refers to the measure of how quickly or slowly the value of an asset decreases over time. It is commonly used in finance and accounting to assess the decrease in value of tangible assets such as buildings, vehicles, or machinery.

Senses:

Finance: The percentage or amount by which an asset loses its value over a specific period.
Accounting: The systematic allocation of the cost of a tangible asset over its useful life.

Sample Sentences:

The rate of depreciation for the machinery was estimated at 10% annually.
In accounting, the rate of depreciation of an asset is vital in determining accurate financial statements.
The rate of depreciation for vehicles tends to vary depending on their usage and maintenance.

Possible Related Products:

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