Map of Golfo de Santa Clara on However, depreciation has to be calculated according to certain rules and those rules often differ from the depreciation charged by a business firm in its accounts. The decline of value of an asset may also come from obsolescence, the loss of usefulness due to availability of modern and more efficient types of goods serving the same purpose. Obsolescence, however, is not an equivalent to depreciation, since the changes in value of an asset coming from obsolescence are rapid, and the life of the asset is written off over a very short period. Another definition of depreciation is the decline in value of one currency in terms of gold or other currencies. The currency depreciation occurs under the flexible, or floating exchange-rate arrangements when there is a shortage of demand for currency and/or excess of supply of currency. BIBLIOGRAPHY. David G. Map of Golfo de Santa Clara 2016.
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