D

The gradual wear and tear or depletion of an asset over time. Typically an accounting term used to provide an operational cost and value over the lifetime of an asset. Also referring to the decline in market value of an asset. … [Read more...] about DEPRECIATION

In practice. In ancient usage, to testify as a witness; to give evidence under oath. In modern usage. To make a deposition ; to give evidence in the shape of a deposition; to make statements which are written down and sworn to; to give testimony which is reduced to writing by a duly-qualified officer and sworn to by the deponent. To deprive an Individual of a public employment … [Read more...] about DEPOSE

The rate that an asset is depreciated over time or during an accounting period. … [Read more...] about DEPRECIATION RATE

contracts. Usually defined to be a naked bailment of goods to be kept for the bailor, without reward, and to be returned when he shall require it. Pothier defines it to be a contract, by which one of the contracting parties gives a thing to another to keep, who is to do so gratuitously, and obliges himself to return it when he shall be requested. 2. Deposits, in the civil law, … [Read more...] about DEPOSIT

The recognition that an asset has a useful life and that each year its value will decrease as a result of wear and tear until it becomes of no value to the business. … [Read more...] about DEPRECTIATION