Depreciation
The accounting recognition that equipment loses value over time. Why the forklift 'costs' money every year after you bought it, and why CapEx approval hurts once but echoes for seven years.
Heard in the wild
“The chillers are fully depreciated, which is why replacing them is suddenly discussable.”
Tone check: Technical
Depreciation schedules quietly drive replacement timing. Facilities people who learn this get their projects approved.