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| French
Equivalent: Consommation de capital fixe |
| Definition: |
Consumption of fixed capital is the decline, during the
course of the accounting period, in the current value of
the stock of fixed assets owned and used by a producer as
a result of physical deterioration, normal obsolescence or
normal accidental damage.
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| Context: |
The capital account shows three headings for the net change in the value of nonfinancial assets - among them the consumption of fixed capital. The three headings are:
a. Gross capital formation;
b. Consumption of fixed capital;
c. Acquisitions less disposals of non-produced nonfinancial
assets.
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| Source
Publication: |
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System of National Accounts (SNA), 2008. 10.23, 10.25.
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| Statistical
Theme: National accounts |
| Created
on Tuesday, September 25, 2001 |
| Last
updated on Tuesday, April 16, 2013 |
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