c. 1600 (with an isolated use from c. 1400), from Anglo-French appreciation, noun of action from Old French apprécier (14c.), from Late Latin appretiare "estimate the quality of" (see appreciate). Generally with a sense of "high estimation" from c. 1650. Meaning "expression of (favorable) estimation" is from 1858; sense of "rise in value" is from c. 1790.
1. You have to take capital appreciation of the property into account.
2. They have a stronger appreciation of the importance of economic incentives.
3. They had rushed in without adequate appreciation of the task.
4. Mr Walsh has a keen appreciation of the priorities of the electorate.
5. I had written an appreciation of Hernandez for a magazine.