Definition of DEPRECIATION in Black's Law Dictionary 4th Edition – Legal dictionary – Glossary of legal terms.
Definition of DEPRECIATION
A fall in value; reduction of worth. New York Life Ins. Co. v. Anderson, C.C.A. N.Y., 263 F. 527, 529. The deterioration, or the loss or lessening in value, arising from age, use, and improvements, due to better methods. Boston & •A. R. Co. v. New York Cent. R. Co., 256 Mass. 600, 153 N.E. 19, 23; Miles v. People's Telephone Co., 166 Wis. 94, 163 N.W. 652, 655.
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That's the definition of DEPRECIATION in Black's Law Dictionary 4th Edition – Legal dictionary – Glossary of legal terms. Courtesy of Cekhukum.com.
