+**Depreciation** is the systematic reduction in the recorded cost of a tangible [asset](/wiki/asset) over its useful life. It reflects the gradual consumption or loss of [value](/wiki/value) due to wear, tear, or obsolescence, impacting financial [accounting](/wiki/accounting) and tax calculations.
+## See also
+- [Amortization](/wiki/amortization)
+- [Book Value](/wiki/book_value)
+- [Obsolescence](/wiki/obsolescence)