Real Estate Terms Glossary
What is Depreciation?
We can define depreciation as a gradual decline in your property’s value over time. Many things affect the value of your property or home. In real estate, depreciation is usually the process of subtracting the costs of acquiring or buying an income-generating property over several years. So, depreciation distributes the deduction of various costs across the useful life of your property.
Depreciation is opposite of appreciation , which is when an asset increases in value.
Examples of Depreciation
- Example 1: Straight line depreciation
- Example 2: Reducing balance depreciation
Here’s Investopedia’s definition of depreciation .
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