What does it mean to "depreciate" something?

To "depreciate" something refers specifically to a reduction in its value over time. This term is commonly used in financial contexts, such as when discussing assets like cars, real estate, or equipment, which often lose value as they age or as newer versions become available.

For example, a new car starts at a certain price but depreciates as it is driven and experiences wear and tear, leading to a lower resale value. Thus, the concept of depreciation is focused on the decline in worth associated with time and use, making option C the correct choice.

In contrast, the other options imply actions that either increase value or keep it constant, which do not align with the definition of depreciation.