(accounting) The measurement of the decline in value of assets. Not to be confused with impairment, which is the measurement of the unplanned, extraordinary decline in value of assets.
“Initial stock market turmoil, currency depreciations, and oil price fluctuations are serious, but will probably stabilise in due course.”
“Fixed exchange rates provided a source of constancy, and governments were no longer allowed to use competitive depreciations to promote exports.”
“Major negative influences were the continuous rise in the trade deficit and declining net investment, mainly due to the continuous rise in depreciations.”