depreciation (in value)
This is the term for a decrease or fall in the monetary value of something.
For example, Amir bought a new car last year for £9000. This year, the car is worth £7500. That’s a depreciation of £1500.
This is the term for a decrease or fall in the monetary value of something.
For example, Amir bought a new car last year for £9000. This year, the car is worth £7500. That’s a depreciation of £1500.