Definition: To lower the price or estimated value, a deduction for tax purposes.
Pronunciation: \di-prē-shē-ˈā-shən\
Used in a Sentence: We were entitled to a depreciation deduction due to the deterioration of the property.
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Prepare for Your Real Estate Career in 2025: Start Now and Seize the Opportunity As we find ourselves in the final stretch of 2024, there's a palpable sense of urgency...
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