wasting asset
Frequency: 4.00.5 per million words
An asset that has a limited life and loses its value over time, such as a mine or a lease.
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Examples (10)
- A mine is considered a wasting asset because its resources are finite.
- Investors should be aware that some properties can be wasting assets.
- The company treated the patent as a wasting asset that would depreciate over time.
- Leases are often classified as wasting assets due to their fixed term.
- Understanding what constitutes a wasting asset is crucial for financial planning.
- He argued that the old machinery was a wasting asset and needed replacement.
- The government imposes specific taxes on income derived from wasting assets.
- Unlike land, which generally appreciates, a building can be a wasting asset without proper maintenance.
- Depletion allowances are often granted for the extraction of wasting assets.
- Identifying wasting assets helps businesses manage their capital more effectively.