Depreciation is when the monetary value of an object decreases over time.
As a result, the corresponding compensation when a claim occurs will be based on the real value of the object at that moment, regardless of whether this value is lower than the value of the object when it was new.
The annual depreciation percentage of an object is 20%.
Example: if you buy a laptop for the value of 1.000€, in one (1) year it will have a value of 800€ and its value will decrease by 20% each year.
Depreciation Table
| Value of Goods 2023 = 1.000€ | |||
| Year 1 | 2024 | -20% | 800€ |
| Year 2 | 2025 | -20% | 640€ |
| Year 3 | 2026 | -20% | 512€ |
| Year 4 | 2027 | -20% | 409.60€ |
| Year 5 | 2028 | -20% | 327.68€ |
| Year 6 | 2029 | -20% | 262.14€ |
| Year 7 | 2030 | -20% | 209.72€ |
| Year 8 | 2031 | -20% | 167.77€ |
| Year 9 | 2032 | -20% | 134.22€ |
| Year 10 | 2033 | -20% | 107.37€ |