depreciation

Depreciation is a process by which the government allows people and corporations to deduct value for "wear and tear."

Through this process, people and corporations are allowed to maximize earnings in tax bracket (stay on a lower bracket, pay less).

Whenever the government allows claims for depreciation, workers can keep a little more income in order to invest in the economy and promoting economic growth.

Depreciate also refers to the decrease in value of a currency. When a country's currency depreciates, it becomes cheaper to trade with them for other nations. A weak currency means that outside countries are more apt to affording the country's products and resources

All cars  lose about 15 to 20 percent of their value each year. So a car that's three years old will become worth about 80 to 85 percent of the value the car held as a two-year-old car. The next year, when the car is four years old, it will become worth 80 to 85 percent of the value the car held as a three-year-old car, and so on.