Depreciate - GCSE Maths Definition

Depreciate means to go down in value over time. For example, when you buy a new car, it is usually worth a lot of money. However, as time goes by, the car gets older and might not work as well, which makes it worth less money. This drop in value is called depreciation.

In GCSE Maths, you might need to calculate depreciation using percentages to work out how much an asset decreases in value each year. Understanding depreciation is important because it helps people make decisions about buying and selling things like cars, computers, and machinery.