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WEAR AND TEAR
I. (noun)
Sense 1
Meaning:
Decrease in value of an asset due to obsolescence or use
Synonyms:
depreciation; wear and tear
Classified under:
Nouns denoting possession and transfer of possession
Hypernyms ("wear and tear" is a kind 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)
Hyponyms (each of the following is a kind of "wear and tear"):
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)
