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Concept information

Preferred term

depreciation of property  

Definition(s)

  • Depreciation of property relates to the declining value of a real estate asset over time. By and large, depreciation of property is an accounting methodology used in calculating the year-to-year reduced value of an eligible property class that is then reported on the income tax returns and financial statements of private sector investors and business entities. [Source: The Encyclopedia of Housing; Depreciation of Property]

Broader concept(s)

Belongs to group

URI

http://data.loterre.fr/ark:/67375/N9J-JD4T9P23-1

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