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Depreciation vs Obsolescence - What's the difference?

depreciation | obsolescence |

As nouns the difference between depreciation and obsolescence

is that depreciation is depreciation while obsolescence is (uncountable) the state of being obsolete—no longer in use; gone into disuse; disused or neglected.

depreciation

English

Noun

  • The state of being depreciated.
  • The decline in value of assets.
  • (accounting) The measurement of the decline in value of assets. Not to be confused with impairment, which is the measurement of the unplanned, extraordinary decline in value of assets.

    • See also

    * ("depreciation" on Wikipedia)

    obsolescence

    English

    (wikipedia obsolescence)

    Noun

  • (uncountable) The state of being obsolete—no longer in use; gone into disuse; disused or neglected.
  • *
  • (countable) The process of becoming obsolete, outmoded or out of date.
  • * '>citation

    • Synonyms

    * obsoleteness (much less common) * obsoletion

    Derived terms

    * planned obsolescence

    Related terms

    * expiration * expiry * life span * obsolescent * obsolete * shelf life