Net domestic product, the gross domestic product minus depreciation on a country's capital goods.
For an analysis of specific aspects of corporate operations several more specific terms are used as EBIT -- earnings before interest and taxes, EBITDA - earnings before interest, taxes, depreciation, and amortization.
Replacement - With new items, property, or items that are likely to suffer very little depreciation, the insurer may choose to simply give the insured a new item that is the same as the one that was lost.
According to the Foundation's website, "MHOF donates musical instruments to music programs where students have access to a music curriculum but lack the resources and support base to adequately keep up with equipment loss due to attrition, depreciation and wear over time. An infusion of instruments and repairs enables more students to participate and experience a quality music education."