Difference between revisions of "Depreciation"
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== Definition == | == Definition == | ||
| − | '''Depreciation'''. | + | '''Depreciation'''. Decline in the value of an asset over time. |
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| + | In the case of [[Natural Capital]], when humanity's demand exceeds the regeneration rate, ecosystems depreciate. | ||
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[[Category:Income Statement Items]] | [[Category:Income Statement Items]] | ||
| + | [[Category:Biodiversity Risk]] | ||
{{#set: isDefinedBy | https://spec.edmcouncil.org/fibo/ontology/FND/AccountingExt/AccountsMain/index-en.html }} | {{#set: isDefinedBy | https://spec.edmcouncil.org/fibo/ontology/FND/AccountingExt/AccountsMain/index-en.html }} | ||
__SHOWFACTBOX__ | __SHOWFACTBOX__ | ||
Revision as of 15:45, 22 May 2021
Definition
Depreciation. Decline in the value of an asset over time.
In the case of Natural Capital, when humanity's demand exceeds the regeneration rate, ecosystems depreciate.
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.
