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23 January, 12:10

The term, obsolescence, as it relates to the useful life of an asset, refers to

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  1. 23 January, 13:01
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    The term, obsolescence, as it relates to the useful life of an asset, refers to a plant asset that is no longer useful in producing goods or services with a competitive advantage because of new inventions and improvements. Obsolescence is the state of being in which the object is no longer wanted and desired.
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