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LSDefine

Simple English definitions for legal terms

depreciate

Read a random definition: North Dakota

A quick definition of depreciate:

Depreciate: When something gets older or used up, it becomes less valuable. This is called depreciation. For example, a car that is brand new is worth more than a car that is 10 years old because it has been used and has wear and tear. In accounting, we use depreciation to show how much an asset has lost value over time.

A more thorough explanation:

Depreciate

In accounting, to depreciate means to decrease the value of an asset over time due to factors such as age, wear and tear, or technological advancements. This reduction in value is recorded on a company's financial statements as an expense.

  • A company purchases a delivery truck for $50,000. Over the next five years, the truck is expected to lose value due to wear and tear, so the company depreciates the truck by $10,000 per year.
  • A business buys a piece of machinery for $100,000. However, after a few years, newer and more efficient machinery becomes available, causing the value of the original machinery to decrease. The business depreciates the machinery accordingly.

These examples illustrate how companies use depreciation to accurately reflect the decreasing value of their assets over time. By recording depreciation as an expense, companies can better understand their true financial position and make informed decisions about future investments.

depreciable asset | depreciation

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Dkk
19:42
SEO is big money
2016 pushed the conservative party into populism irreversibly
Dkk
19:43
Maybe, but if this is populism, then every election is populist.
19:43
@Dkk: yeah register 1 website and every swinging tom dick and harry calls/emails/texts to 'help with seo'. like bruh, if YOU found it, what i am doing is working
Dkk
19:43
Indeed!
19:48
wasp, i think people are hopeful for a gov who at least attempts to care about the common man
MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
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