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RBA Glossary definition for depreciation

depreciation – A fall in the value of an asset. In foreign-exchange terms, it is a relative decrease in the value of one currency compared to another.

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1 Mar 2023 RDP 2023-02
Jonathan Hambur
I measure productivity as the ratio of value-added to employees. Value-added is defined as income less all expenses other than depreciation, interest expenses and wage expenses, which are not
https://www.rba.gov.au/publications/rdp/2023/2023-02/data.html

Did Labour Market Concentration Lower Wages Growth Pre-COVID?

1 Mar 2023 RDP 2023-02
Jonathan Hambur
I measure productivity as the ratio of value-added to employees. Value-added is defined as income less all expenses other than depreciation, interest expenses and wage expenses, which are not
https://www.rba.gov.au/publications/rdp/2023/2023-02/full.html