Glossary of Terms

Browse the glossary using this index

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What is Depreciation ?

Depreciation

Depreciation refers to when the value of something goes down over time.

The value of a car is usually decreases in value with time. Therefore its value is said to depreciate.

Example

Jack and Trisha bought a new car for £8500 in 2009. In the first year, its value depreciated by 20%, in the second year by 15% and in the third by 10%.

Glossary of Terms - Unit 3

We will collaborate to build this glossary of term to help us extend our vocabulary for this course. We need to include key terms which are unfamiliar and will be good to know for the upcoming exam in January.

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What is Depreciation ?

Depreciation

Example