What is another word for rate of depreciation?
Pronunciation: [ɹˈe͡ɪt ɒv dɪpɹˌiːʃɪˈe͡ɪʃən] (IPA) 
Rate of depreciation is a term that refers to how much an asset decreases in value over a certain period of time. There are many synonyms for this term, including the rate of loss, the rate of decline, the speed of devaluation, the pace of erosion, the speed of wear and tear, and the velocity of amortization. Other related terms you may hear include impairment rate, write-down rate, or salvage value. Whatever terminology you use, understanding how quickly your assets are losing value is critical for making informed financial decisions. Keeping an eye on your rate of depreciation can help you determine when it's time to update or replace your equipment so you can stay competitive in your industry.
