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depression. A period of economic stress that persists over an extended period, accompanied by poor business conditions and high unemployment. Cf. RECESSION. [Blacks Law 8th]

de presenti.See DE PRAESENTI. [Blacks Law 8th]

depredation. The act of plundering; pillaging. [Blacks Law 8th]

depreciation reserve.An account, esp. of a public utility, built up to offset the depreciation of property  because  of  time  and  use,  so  that  at  the  end  of  the  property’s  service,  there  is  enough money to replace the property. [Cases: Public Utilities    127. C.J.S. Public Utilities § 28, 37.] [Blacks Law 8th]

depreciation  method.A  set formula  used  in  estimating  an  asset’s  use,  wear,  or  obsolescence over  the  asset’s  useful  life.  •  This  method  is  useful  in  calculating  the  allowable  annual  tax deduction for depreciation. See USEFUL LIFE . [Cases: Internal Revenue    3470–3505; Taxation 1044.C.J.S.  Internal  Revenue  §§  223–249,  252,  259–265,  278,  489,  671,  673,  799; Taxation  §§…

depreciation (di-pree-shee-ay-sh<<schwa>>n), n. A decline in an asset’s value because of use, wear,   or   obsolescence.   Cf.   APPRECIATION;   AMORTIZATION(2).   —   depreciate,vb.   — depreciable,adj. accumulated  depreciation.The  total  depreciation  currently  recorded  on  an  asset.  •  On  the balance sheet, an asset’s total cost less accumulated depreciation reflects the asset’s book value. — Also termed accrued depreciation. annual depreciation.The…

depreciable life.See USEFUL LIFE. [Blacks Law 8th]

depraved-heart murder.See MURDER. [Blacks Law 8th]

depraved,adj.1. (Of a  person  or  crime)  corrupt; perverted.  2.  (Of a  crime)  heinous;  morally horrendous. — depravity,n. [Blacks Law 8th]

de  praesenti  (dee  pri-zen-tI).  [Law  Latin]  Hist.  At  present;  of  the  present.  •  A  consent  to marriage de praesenti constitutes marriage in itself. — Also spelled de presenti. Cf. DE FUTURO. [Blacks Law 8th]