Obsolescence

The degradation in the value and usefulness of a resource based on its age, replacement by newer technology, lack of demand or other factor that may require a partial or total writeoff of its currently-stated value


Obsolescence

The degradation in the value and usefulness of a resource based on its age, replacement by newer technology, lack of demand or other factor that may require a partial or total writeoff of its currently-stated value

Used in methodology