{"id":495,"date":"2021-06-03T12:00:29","date_gmt":"2021-06-03T12:00:29","guid":{"rendered":"https:\/\/pretty-books.com\/blog\/?p=495"},"modified":"2022-03-29T21:13:04","modified_gmt":"2022-03-29T21:13:04","slug":"depreciation","status":"publish","type":"post","link":"https:\/\/prettybooks.com\/magazine\/2021\/06\/03\/depreciation\/","title":{"rendered":"Depreciation"},"content":{"rendered":"

Depreciation<\/h1>\n

Noun. [dih-pree-shee-ey<\/span>-shuh<\/span>\u2009n<\/em>]<\/h5>\n
    \n
  1. Accrued Dictionary definition:<\/strong> The amount of miles you drive in your car each year. Each mile counts towards the 12,000 mile warranty. After that, the warranty runs out, but you\u2019re still able to drive your car.<\/li>\n<\/ol>\n

    \u00a0 \u00a0 \u00a0\/\/My car is worth a lot less than it was 200,000 miles ago thanks to depreciation.\u00a0<\/em><\/p>\n

      \n
    1. Textbook definition:\u00a0<\/strong>Allocating the cost of a physical asset over its life expectancy to help companies earn revenue from an asset while expensing some of its cost each year it is being used, representing how much value has already been used.<\/li>\n<\/ol>\n

      \u00a0 \u00a0 \u00a0\/\/Technically my $20 desk depreciates in value over time, but it’s not worth noting in my books.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

      “Depreciation” came up in a meeting. A dictionary said it means “allocating the cost of a physical asset over its life expectancy to help companies earn revenue from an asset while expensing some of its cost each year it is being used, representing how much value has already been used.” Here’s what your accountant really means when she says “depreciation.”<\/p>\n","protected":false},"author":7,"featured_media":1259,"comment_status":"closed","ping_status":"open","sticky":true,"template":"","format":"standard","meta":[],"categories":[28],"tags":[],"yoast_head":"\nDepreciation - Pretty Books Magazine<\/title>\n<meta name=\"description\" content=\""Depreciation" came up in a meeting. A dictionary said it means "allocating the cost of a physical asset over its life expectancy to help companies earn revenue from an asset while expensing some of its cost each year it is being used, representing how much value has already been used." Here's what your accountant really means when she says "depreciation."\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/prettybooks.com\/magazine\/2021\/06\/03\/depreciation\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Depreciation - Pretty Books Magazine\" \/>\n<meta property=\"og:description\" content=\""Depreciation" came up in a meeting. A dictionary said it means "allocating the cost of a physical asset over its life expectancy to help companies earn revenue from an asset while expensing some of its cost each year it is being used, representing how much value has already been used." 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