Financial Terms Glossary

Depreciation

Formal

A decrease in the value of asset caused by wear-and-tear, technological obsolescence or time. The allowance or charge made to a company's profit and loss account, to reflect this change in value.

Informal

How do you appreciate depreciation? Imagine buying your dream car - the moment it moves off the forecourt then it's worth less than what you paid for it. That difference is depreciation - the loss in value of an item caused by time, use, or technical obsolescence.

What we do

At Shark Finesse we have developed an enterprise-grade cloud application to help businesses standardise and simplify their value engagements across the entire customer journey.

Shark, a business value engagement platform used by 1000’s of customer-facing teams globally (e.g. pre-sales, sales, value teams, and customer success) is easy to use, intuitive and usable directly with the customer to negotiate the likely business returns from investing in a solution.

By adopting the Shark approach you will fundamentally transform conversations with new and existing customers, close more business, and differentiate from the competition.
Find out how

We'd love to hear from you!

Phone
+44 (0)1256 338635
Address
Grove House, Lutyens Close
Basingstoke, Hampshire
RG24 8AG, UK