What is the definition of "depreciate" and how do you use it in a sentence?

According to the Merriam-Webster English dictionary, "depreciate" means "to cause to decrease in value" or simply "to decrease in value." An appropriate use would be: "The value of the house has depreciated greatly."

More specifically, "depreciate" means to decrease in value over a period of time. It is an economic fact that certain objects inherently depreciate over time, while others, on the other hand, increase in their value. According to Investopedia, cars, computers and electronics, homes and timeshares are among the most quickly depreciating objects in the consumer market. Some cars can depreciate at an average rate of 11 percent per year.