Search box

Definition: Geometric depreciation

OECD terminology

Geometric depreciation is a depreciation profile based on a constant annual rate of capital consumption over the life of the asset.
Organisation for Economic Co-operation and Development (OECD), "Measuring Capital - OECD Manual: Measurement of Capital Stocks, Consumption of Fixed Capital and Capital Services", Annex 1: Glossary of technical terms used in the Manual, Paris, 2001