depreciation

Isaac Kremer/ January 28, 2022/ / 0 comments

An economic calculation of the decreased monetary value of a building or structure because of physical deterioration over time; based on government regulations or generally accepted acocunting practices rather than on actual market value. (Bucher, 1996) 2. The noncash expense that accounts for the diminution in an asset’s value over time. (Seidman, 2012)