WEAR AND TEAR

I. (noun)

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)