A loss in the utility of an asset due to the development of improved or superior equipment, but not due to physical deterioration.
Related information about obsolescence:
- Obsolescence - Wikipedia, the free encyclopedia
Obsolescence is the state of being which occurs when an object, service or practice is no longer wanted even though it may still be in good working order.
- Planned obsolescence - Wikipedia, the free encyclopedia
Planned obsolescence or built-in obsolescence in industrial design is a policy of planning or designing a product with a limited useful life, so it will become ...
- Obsolescence - Merriam-Webster Online
the process of becoming obsolete or the condition of being nearly obsolete <the gradual obsolescence of machinery> <reduced to obsolescence> ...
- Obsolescence | Define Obsolescence at Dictionary.com
the state, process, or condition of being or becoming obsolete. Relevant Questions. How Do I Write-off Obsol... What Is Obsolescence? What Is Planned ...
- Obsolescence - The Free Dictionary
ob·so·les·cent ( b s -l s nt). adj. 1. Being in the process of passing out of use or usefulness; becoming obsolete. 2. Biology Gradually disappearing; imperfectly or ...
- Idea: Planned obsolescence | The Economist
Mar 23, 2009 ... Planned obsolescence is a business strategy in which the obsolescence (the process of becoming obsolete—that is, unfashionable or no ...
- Planned Obsolescence Definition | Investopedia
A manufacturing decision by a company to make consumer products in such a way that they become out-of-date or useless within a known time period.
- The Obsolescence Management Portal
The information portal for Obsolescence & Management - the only knowledge sharing portal covering obsolescence issues and obsolescence management ...