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What Is a Depreciation Rate?

April 26, 2017depreciation rate

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What Is a Depreciation Rate?

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A depreciation rate is the pace or rate at which the monetary value of an object decreases over time. Identifying this gradual asset value decline is often important when it comes to claiming tax deductions provided by various tax agencies, as well as determining the current market value of the asset. In most situations, the depreciation rate is presented as a percentage.