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Glossary > W > "Wasting asset" Definition

Wasting asset

An asset which has a limited life and thus, decreases in value (depreciates) over time. Also applies to consumed assets, such as gas, and termed depletion.

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

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Wasting asset \ An asset which has a limited life and thus, decreases in value (depreciates) over time. Also applies to consumed assets, such as gas, and termed depletion.

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

Wasting asset / an asset which has a limited life and thus, decreases in value (depreciates) over time. also applies to consumed assets, such as gas, and termed depletion.

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