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Obsolescence

Obsolescence is the state of being which occurs when an asset is no longer wanted even though it may still be in good working order. Obsolescence frequently occurs because a replacement has become available that is superior in one or more aspects.

Related Pages

  • Depreciation
  • Depreciation Checklist
  • Economic Life
  • Remaining Useful Life
  • Useful Life

References

  1. Wikipedia
  2. Google Search
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