Depreciation

Depreciation

Other Popular Tax Definitions in the World Legal Encyclopedia

Depreciation and International Trade Economy

In relation to international trade economy, Christopher Mark (1993) provided the following definition of Depreciation: A decline in the purchasing power of a currency, relative to one or more .other currencies, as a result of market forces rather than government action. See also devaluation.

Depreciation in International Trade

Meaning of Depreciation, according to the Dictionary of International Trade (Global Negotiator): In foreign exchange, the decline in value of one currency in relation to another currency.


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