depreciation
The accounting method of dividing the value of an asset over its useful life for the allocation of cost per fiscal year and in parallel to decrease the value of the asset from the accounts of the company.
depreciation — the accounting method of dividing the value of an asset over its useful life for the allocation of cost per fiscal year and in parallel to decrease the value of the asset from the accounts of the company. McKinsey's Skill Change Index places it in the declining band (SCI 55.25/100) — a skill likely to fall in demand as AI and automation cover more of its ground by 2030. ESCO classifies it as a sector-specific (rooted in one industry) skill within knowledge. It is currently listed by 3 occupations in our catalogue, including accounting assistant, accounting manager, and bookkeeper.
Occupations that require depreciation
Showing top 3 of 3 occupations · ranked by India employment volume, then AI-durability.
Frequently asked questions
What is depreciation?
The accounting method of dividing the value of an asset over its useful life for the allocation of cost per fiscal year and in parallel to decrease the value of the asset from the accounts of the company.
What category of skill is depreciation?
ESCO classifies depreciation under the knowledge category, specifically in the accounting and taxation subcategory.
Is depreciation an AI-durable skill?
McKinsey's Skill Change Index places it in the declining band (SCI 55.25/100) — a skill likely to fall in demand as AI and automation cover more of its ground by 2030. Prioritise this skill only when it directly enables paid work today — plan for AI to absorb more of it every year.
Which jobs require depreciation?
In our catalogue, 3 occupations list depreciation as a required or important skill. The top occupations by employment volume include accounting assistant, accounting manager, bookkeeper.
How transferable is depreciation between industries?
ESCO tags depreciation as a sector-specific (rooted in one industry) skill — a signal of how portable it is when you change field.
Is depreciation the same as devaluation?
Yes — depreciation is also known as devaluation, or decrease in value. They refer to the same underlying capability in the ESCO taxonomy.
How can I learn depreciation?
The most reliable path is to pick a job or project that demands depreciation and learn through delivery. Complement that with role-specific roadmaps and short courses. Explore the occupations below to see where this skill is used in practice.