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Wasting asset |
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Wasting assetAn asset with an expected useful life of less than 50 years.Similar MatchesWasting AssetsWasting AssetsAssets 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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