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English definition of “depreciate”

depreciate

verb
 
 
/dɪˈpriːʃieɪt/
[T] ACCOUNTING, TAX when a company depreciates an asset, such as a piece of equipment, it reduces its value in its accounts over a certain length of time: Machine tools are typically depreciated over seven years. → Compare amortize
[I or T] MONEY, FINANCE if a currency depreciates or is depreciated, it loses value in comparison with other currencies: The government allowed the currency to depreciate by 4% to 5% a year to boost Indonesia's export competitiveness. In the short term the euro is expected to depreciate against the dollar. → Compare appreciate
[I] to lose value: The value of a real antique increases over the years, but a reproduction immediately depreciates in value. → Compare appreciate
(Definition of depreciate from the Cambridge Business English Dictionary © Cambridge University Press)
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