rate of depreciation

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Explanation of "Rate of Depreciation"

Definition:
The "rate of depreciation" is a noun that refers to how much the value of something, like a car or a building, decreases over time. This decrease can be important for things like calculating how much tax you need to pay.

Advanced Usage:

In more advanced discussions, the rate of depreciation can be expressed in percentages. For example, "The rate of depreciation for this vehicle is 15% per year," indicates that the car loses 15% of its value each year.

Word Variants:

• Depreciation (noun): The overall decrease in value.
• Depreciate (verb): To decrease in value.
• Depreciating (adjective): Describing something that is losing value.

Different Meaning:

While "rate of depreciation" usually refers to property value, "depreciation" can also refer to a decrease in the importance or value of an idea, opinion, or status in a more general sense.

Synonyms:

• Value reduction
• Diminution in value
• Decline in value

Idioms and Phrasal Verbs:

While there aren't specific idioms directly associated with "rate of depreciation," you might encounter phrases like: - "Take a hit": This means to lose value or suffer a loss. For example, "The stock took a hit after the bad news."

Summary:

In summary, "rate of depreciation" is an important term in finance that helps you understand how the value of an asset decreases over time.

Academic

Noun

1. the rate at which the value of property is reduced; used to calculate tax deduction

Synonyms

• depreciation rate