A quick guide to highlight the difference between these words..
Not to be confused with depreciation.
Deprecation is a status applied to a computer software feature, characteristic, or practice indicating it should be avoided, typically because of it being superseded. The term is also sometimes used for a feature, design, or practice that is permitted but no longer recommended in other areas, such as hardware design or compliance to building codes.
Not to be confused with deprecation.
In accountancy, depreciation refers to two aspects of the same concept:
- the decrease in value of assets (fair value depreciation), and
- the allocation of the cost of assets to periods in which the assets are used (depreciation with the matching principle).