Asset-value changes and operating-performance measures that must be distinguished from accounting depreciation.
This section separates accounting cost allocation from other uses of the word depreciation. Asset Valuation covers appreciation, market-value decline, and unrealized changes. Those changes are not automatically the depreciation expense recorded from an asset schedule.
EBITDA and related operating measures remove depreciation and amortization from a selected earnings subtotal. They can aid comparison, but they do not remove capital expenditure, replacement needs, impairment, working capital, or debt service.
Use the accounting policy, asset register, valuation basis, impairment evidence, and metric reconciliation before treating similar labels as equivalent. This section is educational and does not provide accounting, tax, audit, legal, valuation, or investment advice.