Skip to main content

SAGE Social Science Thesaurus

Search from vocabulary

Concept information

Preferred term

depreciation of property  

Definition

  • 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

Belongs to group

URI

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

Download this concept: