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Depreciation

Definition

The reduction in the value of an asset over time, due in particular to wear and tear.

Automotive: Cars lose value the moment you drive them off the lot. Real Estate: Tax deduction allowing you to recover the cost of income-producing property.

This tool is for illustrative purposes only and does not constitute professional financial, tax, or legal advice. Calculations are estimates and may not reflect real-world variables or local regulations. Always consult with a qualified professional before making financial decisions.