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EXPECTED OBSOLESCENCE

Statistics Directorate    
French Equivalent: Obsolescence attendue

Definition:
Expected 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.

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

Cross References:
Foreseen obsolescence

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

Statistical Theme: National accounts

Created on Tuesday, September 25, 2001

Last updated on Thursday, December 01, 2005