obsolescence
The process of becoming outdated or no longer being economically feasible (often caused by technology advances). For example, personal computers and computer chips from 1990 are obsolete even though they can be operated.
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economic obsolescence
loss of value from all causes outside the property itself. Also known as environmental obsolescence and external obsolescence.
EXTERNAL OBSOLESCENCE - A type of incurable depreciation caused by negative factors not on the subject ...
EXTERNAL REPORTING - Reporting to stockholders and the public, as opposed to internal reporting for man...
Technological Obsolescence
Definition: When technology becomes outdated due to technological advances.
Obsolescence
The reduction in utility of an inventory item or fixed asset. If it is an
inventory item, then a reserve is created to reduce the value of the inventory by the
estimated amount of obsolescence.
Obsolescence
A loss in property value due to reduced desirability or usefulness because a property's design or construction have become old-fashioned or it has not kept up and a less costly alternative exists.
obsolescence: the decline of products in a market due to the introduction of better competitor products or rapid technology developments.
Obsolescence - A major factor in depreciation, resulting from technological or market changes. Wear and tear from use and natural deteriÂoration through interaction of the elements are other factors that cause depreciation in assets.
Obsolescence Risk
The risk that a process, product or technology used or produced by a company for profit will become obsolete, and is no longer competitive in the marketplace.
Obsolescence is a condition in which, because of new inventions and improvements, a capital asset can no longer be used to produce goods or services with a competitive advantage.
Occurrence ...
Obsolescence -- The shortening of service life due to technological advances that cause an asset to become out of date and less desirable.
planned obsolescence
Crossing the Chasm
technology lifecycle
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Economic Obsolescence: Economic obsolescence is depreciation resulting from economic conditions, such as the deterioration of the neighborhood.
Economic life can be less than absolute physical life for reasons of technological obsolescence, physical deterioration, or product life cycle. Economic order quantity (EOQ) The order quantity that minimizes total inventory costs.
obsolescence The loss in the utility of an asset as a result of the development of improved... OCC Acronym for Options Clearing Corporation, which refers to the organization that...
in accounting, reduction in the value of fixed or capital assets, as by use, damage, weathering, or obsolescence. It can be estimated according to a number of methods.
Depreciation is the reduction in the value of an asset from wear-and-tear or obsolescence. Depreciation allowance encourages companies to invest in new equipment.
The evolution of a production process from innovation through obsolescence, constituting a fundamental dynamic element in international competitiveness and trade patterns over time.
Schumpeter emphasized the beneficial process of creative destruction, in which the introduction of new products results in the obsolescence or failure of others.
Imputation systématique aux résultats de la diminution de valeur d'un bien corporel ou d'un bien incorporel au cours de sa vie utile résultant de l'usure due à l'usage, à l'écoulement du temps ou à l'obsolescence, ...
The wearing out, breaking down, or technological obsolescence of physical capital that results from use in the production of goods and services. To paraphrase an old saying, "You can't make a car without breaking a few socket wrenches.
Depreciation is an accounting measure that records the loss in value of an asset as a result of usage, the passage of time, or obsolescence. Depreciation is applied only to tangible assets, such as property and machinery.
Obsolescence (in accounting)
Depreciation Allowance (business term)
Orange Goods (business term)
Neon and Electric Signs Floater (insurance term)
Neon and Fluorescent Sign Insurance (insurance term)
Wear and Tear Exclusion (insurance term) ...
Depreciation - (1) In an appraisal, a loss of value in property due to any cause, including physical deterioration, functional obsolescence and external obsolescence; (2) In real estate investment, ...
Depreciation: The expense recognized in writing off the cost of a plant or machine over its useful life, giving consideration to wear and tear, obsolescence, and salvage value. Methods vary.
In economics, depreciation is the decrease in the economic value of the capital stock of a firm, nation or other entity, either through physical depreciation, obsolescence or changes in the demand for the services of the capital in question.
Depreciation: A decrease in the value of an asset through wear and tear or obsolescence.
Derivative: A financial contract that derives its value from another physical asset. Examples of derivatives include futures and options.
The decline in useful value of a fixed asset due to wear and tear from use, passage of time or obsolescence. This number is added to each period and thus is "accumulated".
Active
Describes a security in which there is substantial trading.
Depreciation - Accounting concept for a decline in the value of an asset because of use or obsolescence.
Dilution - Reduction in earnings per share of a common stock that occurs when a company issues additional shares.
Depreciation - The gradual erosion of the usability and value (possibly due to obsolescence) of an enterprise's fixed assets. In some cases depreciation can be declared as a tax deduction.
Actual Cash Value - Cost of replacing damaged or destroyed property with comparable new property, minus depreciation and obsolescence. For example, a 10-year-old sofa will not be replaced at current full value because of a decade of depreciation.
Systematic charges made against earnings to write-off the cost of an asset over its estimated useful life because of wear and tear through use, action of the elements, or obsolescence.
The risk inherent in a company's operations, reflected in the variability in earnings. A weakening in consumer interest or technological obsolescence usually causes the decline.
Arbitrary markdowns for depreciation and obsolescence of the goods will be recognized only if the goods are actually offered to the customers at the prices so reduced.
First In, Still Here (FISH) - An accounting buzzword that describe when companies still have inventory on hand that is not being sold due to inattention or obsolescence.
DEPRECIATION - The portion of the cost of a capital asset representing the expiration in the useful life of the capital asset attributable to wear and tear, deterioration, action of the physical elements, inadequacy, and obsolescence which is ...
The time period over which an asset's NPV is maximized. Economic life can be less than absolute physical life for reasons of technological obsolescence, physica deterioration, or product life cycle.
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Depreciation - A loss in a property's value caused by age, physical deterioration, functional or economic obsolescence.
Inventory is often the least liquid current asset that the company can hold. Inventory is also prone to obsolescence, damage or theft. Furthermore, a large amount of inventory being held shows operation inefficiency of the firm.
For most asset intensive industries like manufacturers, railways, and (to a lesser extent) cable and telephone companies, depreciation and/or obsolescence is a very real phenomena and Cash Flow from operations is of no use in measuring performance.
A clause that is common in property insurance contracts that set the cost of replacing covered property with comparable new property, minus an adjustment for depreciation and obsolescence.
ACUTE CARE ...
A decrease in the value of a currency in terms of other currencies. 2. Reduction in the value of capital goods over a one-year period due to physical wear and tear and also to obsolescence; also called capital consumption allowance.
depreciation: The decline in price of an asset over time attributable to deterioration, obsolescence, and impending retirement. Applies particularly to physical assets like equipment and structures.
depth: An attribute of a market.
The amount by which a fixed asset's accounting or book value is periodically reduced to reflect the fact that the economic value of the asset is steadily reduced by a combination of wear and tear from use, age, and/or obsolescence.
Depreciation: a measure of the wearing out, consumption or other loss of value whether arising from use, passage of time or obsolescence through technology and market changes.
 See also: Expense, Acquisitions, Banks, Compensation, Mergers
  
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