Definition
The reduction in value of an asset over time due to wear, obsolescence, or market conditions—accountants' favorite way of reminding you your stuff isn't worth what you paid for it.
Example Usage
The company's equipment depreciated by 20% in the first year of use.
Source: Merriam-Webster via Free Dictionary API
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See “depreciated” in Corporate Speak, Gen-Z Slang, Pirate Speak, and more.
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For Gods sake shut up...