Understanding the concept of appreciation and depreciation

Appreciation and depreciation are not only financial terms, but also apply to the value of our possessions. Appreciation means recognizing and being grateful for the worth of something, while depreciation indicates a decrease in value over time. Most items tend to depreciate in value, as time, use, and changing preferences make them less valuable. Sentimental attachment and perceived value can sometimes make us hold onto things that are actually depreciating. To truly appreciate something, we need to understand its full implications and treat it in a way that maintains or increases its value.