Depreciation

Depreciation
===In [|national accounts], //__**depreciation**__// represents the decline in the aggregate [|capital stock] arising from the use of capital in production, also referred to as [|consumption of fixed capital]. Hence, depreciation is equal to the difference between aggregate ([|gross]) [|investment] and [|net investment] or between [|Gross National Product] and [|Net National Product]. Unlike depreciation in business accounting, depreciation in national accounts is, in principle, not a method of allocating the costs of past expenditures on fixed assets over subsequent accounting periods. Rather, fixed assets at a given moment in time are valued according to the remaining benefits derived from their use.===

Depreciation
In [|national accounts], depreciation represents the decline in the aggregate [|capital stock] arising from the use of capital in production, also referred to as [|consumption of fixed capital]. Hence, depreciation is equal to the difference between aggregate ([|gross]) [|investment] and [|net investment] or between [|Gross National Product] and [|Net National Product]. Unlike depreciation in business accounting, depreciation in national accounts is, in principle, not a method of allocating the costs of past expenditures on fixed assets over subsequent accounting periods. Rather, fixed assets at a given moment in time are valued according to the remaining benefits derived from their use.