Depreciation
From Open Risk Manual
Definition
Depreciation. Decline in the value of an asset over time. As usually calculated in financial accounting is a method of allocating the costs of past expenditures on fixed assets over subsequent accounting periods. In the case of Natural Capital, when humanity's demand exceeds the regeneration rate, ecosystems depreciate.
References
- Eurostat SUT Manual
Disclaimer
This entry annotates a FIBO Ontology Class. FIBO is a trademark and the FIBO Ontology is copyright of the EDM Council, released under the MIT Open Source License. There is no guarantee that the content of this page will remain aligned with, or correctly interprets, the concepts covered by the FIBO ontology.
Facts about "Depreciation"
| IsDefinedBy URI of an entity that is defined via an imported vocabulary. | https://spec.edmcouncil.org/fibo/ontology/FND/AccountingExt/AccountsMain/index-en.html + |
