| NOUN | possession | wear and tear, depreciation | decrease in value of an asset due to obsolescence or use |
|---|
| Meaning | decrease in value of an asset due to obsolescence or use. | |
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| Synonym | depreciation | |
| Narrower | straight-line method, straight-line method of depreciation | (accounting) a method of calculating depreciation by taking an equal amount of the asset's cost as an expense for each year of the asset's useful life |
| write-off, write-down | (accounting) reduction in the book value of an asset | |
| Broader | financial loss | Loss of money or decrease in financial value |
| non-cash expense | An expense (such as depreciation) that is not paid for in cash | |
| Spanish | depreciación, desgaste, desvalorización | |
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