The correct answer is (D) To decline or diminish in value. To reduce or lower the value or stated value of an asset. To claim as an allowable expense of an income-producing property when filing one's income tax return. To belittle or represent as having little value. To reduce the purchasing value of money.

Examples of use:

• That property has depreciated significantly during the last few winters.
• The IRS requires all owners to depreciate their rental property.