wasting asset

wasting asset definition - business

wasting asset

An asset that tends to decline in value over time as its expected life is used up. For example, a factory machine or an automobile is a wasting asset. A natural resource such as timberland or a coal mine becomes a wasting asset as trees are harvested or coal is mined. Also called shrinking asset.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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