Quote:
Originally Posted by csu87
It's cool you don't understand. Some people don't and that's ok.
You are talking about depreciation as it relates to accounting and recording practices. I use this all the time for my construction equipment and know all about it. If you want to know how to use it, i can help you out there.
I am talking about depreciation as it relates to the reduction of value.
From the same source i gave you the definition from. Read the synonyms; these are the terms you are saying aren't depreciation.
de·pre·ci·a·tion
dəˌprēSHēˈāSH(ə)n/
noun
a reduction in the value of an asset with the passage of time, due in particular to wear and tear.
synonyms: devaluation, devaluing, decrease in value, lowering in value, reduction in value, cheapening, markdown, reduction; More
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So which is this?
Car made in 2015 model sits on a lot brand new until 2017. The car is now still never used but worth less money due to demand.