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He went on to explain that a building's value depreciates over time, and the rate of depreciation is dependent upon three key quality factors: design, materials and construction.
Another was the rate of depreciation of the Rupee against the dollar, which is the rate at which imports become costlier relatively to domestic products.
While the central bank welcomed a slower rate of depreciation of the local currency against the dollar and the rand, it said that risks to the economy were still rife.
Such is the demand for the iconic brand that Range Rover opened the order book last weekend, with those lucky enough to secure one of the first new models knowing that the rate of depreciation will be miniscule if they decide to trade it in for an even newer one next year.
Such is the demand for the iconic brand that Range Rover is opening the order book from this weekend, with those lucky enough to secure one of the first new models knowing that the rate of depreciation will be miniscule if they decide to trade it in for an even newer one next year.
With respect to commercial property, certain costs thought to be classified as subject to a 39-year depreciable life, can instead be classified as personal property or land improvements, with a 5, 7, or 15-year rate of depreciation using accelerated methods.
It declines if interest rates are less than the rate of depreciation of the currency.
Sources said Budget 2014-15 will introduce an investment allowance and an increasing rate of depreciation on machinery to ease the tax burden for those investing in the manufacturing sector.
Contract notice: Contraction of a fixed rate mortgage, a ten year period, with a constant rate of depreciation calculated on an annual basis including capital and interest, with no grace period.
Discounting is a form of 'decay' equation which can also be applied to the depreciation of the value of an asset (constant rate of depreciation approach) and to the death of a population, represented by a survival function that exhibits a constant rate of decline over time.
Although we expect the rate of depreciation to slow in 2014, the current account deficit will likely remain sizeable at around 10.
The CBRT is continuing the fight to slow the rate of depreciation of the lira, to at least on par with its global EM peers.