Depreciation

Depreciation

As used in appraisal, loss in value due to any cause. As used in taxation, a capital cost recovery out of income.

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Part of Speech: noun
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Industry/Domain: Real estate
Category: General
Company: Coldwell Banker
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Related terms

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A reduction in a fixed asset's value over time.

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In real estate practice, depreciation means the loss of value of real property brought about by age, physical deterioration, or functional or economic obsolescence. For the ...

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