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FORESEEN OBSOLESCENCE

Statistics Directorate    
Definition:
Foreseen obsolescence is the loss in value on an asset through obsolescence that the purchaser was expecting to occur when the asset was acquired. Foreseen obsolescence is included in consumption of fixed capital.

Source Publication:
Measuring Capital: OECD Manual, Annex 1 Glossary of Technical Terms Used in the Manual, OECD, 2001.

Cross References:
Normal obsolescence

Hyperlink:
http://www.oecd.org/dataoecd/61/57/1876369.pdf

Statistical Theme: National accounts

Created on Tuesday, September 25, 2001

Last updated on Monday, March 10, 2003