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unforeseen obsolescence

Title English: 
unforeseen obsolescence
Definition English: 
Unforeseen obsolescence is the loss in value on an asset due to a fall in demand for that type of asset that could not have been foreseen when the asset was acquired. Unforeseen obsolescence may occur because of a new invention or discovery which destroys the market for the asset or because a shift in relative prices makes it uneconomical to continue using the asset. It is not included in consumption of fixed capital but in “other changes in non-financial asset n.e.c.” in the “Other changes in assets account”. Unforeseen obsolescence is a synonym for " abnormal obsolescence".
Title Arabic: 
بلي غير متوقع
المجال الأحصائي: 
Economic Development
الموضوع: 
Economic Analysis
InformationType: 
Term
SourceSymbol: 
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