Alterungswert
The term *Alterungswert* refers to a concept primarily used in German-speaking countries, particularly in the context of financial accounting and insurance. It translates roughly to "aging value" or "depreciation value" and pertains to the gradual reduction in the value of an asset over time due to wear, obsolescence, or other factors. This concept is closely related to *Abschreibung* (depreciation) and *Wertminderung* (value reduction), though it is often applied in specific scenarios where assets lose value predictably over a defined period.
In accounting, *Alterungswert* is frequently employed in the context of fixed assets, such as machinery, vehicles,
In insurance, particularly in life and pension insurance, *Alterungswert* may refer to adjustments made to policy
The calculation of *Alterungswert* typically involves mathematical models that account for factors like inflation, technological advancements,