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| French
Equivalent: Obsolescence normale |
| Definition: |
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Normal obsolescence is the loss in value of an asset through obsolescence that the purchaser was expecting to occur when the asset was acquired. It is a synonym for “foreseen” obsolescence and is included in consumption of fixed capital.
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| Source
Publication: |
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Measuring Capital: OECD Manual, Annex 1 Glossary of Technical Terms Used in the Manual, OECD, 2001.
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| Statistical
Theme: National accounts |
| Created
on Tuesday, September 25, 2001 |
| Last
updated on Thursday, February 26, 2004 |
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