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Definition of depreciation : 1. The act of lessening, or seeking to lessen, price, value, or reputation.
2. The falling of value; reduction of worth.
3. the state of being depreciated.

Synonyms:

edge, denigration, wear and tear, shrinkage, rocket, write-down, discount, bounce, money, dispraise, increase, skyrocket, tumble, put-down, show, deprecation, markdown, minimization, start, cool off, come down, attack, rally

defamation, detraction, disparagement, derogation, aspersion

devaluation, debasement, irony, underestimation, undervaluation, belittlement

deduction, curtailment, reduction, diminishment, lowering, elision, decrease, lessening, deletion, abridgement, subtraction

Usage examples:

• I scarcely regarded the old sailor's warning, so eager was I to go on shore- to put my foot upon the soil of the new world for the first time- I was in no humour to listen to any depreciation of what seemed so beautiful. - "Roughing it in the Bush", Susanna Moodie.
• Mark waved his hand in lofty depreciation of the hint that failure for him was a possible contingency. - "The Rustler of Wind River", G. W. Ogden.
• And then if the process is reversed, and the critic begins with the latter and discovers his peculiar merit, which is quite of a different order from that presented by the former, with whom it may be looked for in vain, the result is that both of them suffer undue depreciation. - "The Art of Literature", Arthur Schopenhauer.