wear and tear

Synonyms:

depreciation

Types:

straight-line method, straight-line method of depreciation

(accounting) a method of calculating depreciation by taking an equal amount of the asset's cost as an expense for each year of the asset's useful life

write-down, write-off

(accounting) reduction in the book value of an asset

deduction, tax deduction, tax write-off

a reduction in the gross amount on which a tax is calculated; reduces taxes by the percentage fixed for the taxpayer's income bracket

Type of:

non-cash expense

an expense (such as depreciation) that is not paid for in cash

financial loss

loss of money or decrease in financial value