Wasting asset

 

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Wasting asset

An asset with an expected useful life of less than 50 years.



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Wasting Assets

Wasting Assets

Assets which, by use or lapse of time, are consumed or reduced in book value, irrespective of market fluctuation. Includes oil, minerals, patent rights, franchises for a fixed term, etc. Also called "diminishing assets", "wasting property."




 
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