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LSDefine

Simple English definitions for legal terms

depreciate

Read a random definition: fair play

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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THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
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