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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Jordan P.
Hailing from Central Texas, Jordan Pender graduated from Baylor University in 2017 with his Bachelor of Arts degree and in 2021 he graduated from Baylor Law School with his Juris Doctor. Since August of 2021, Jordan has been working as an associate attorney for The Law Office of Gregory K. Simmons in Killeen, Texas focusing in general civil litigation. Areas of expertise include: Family Law, Contractural disputes, Business entity formation and planning, and Landlord & Tenant disputes.
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