Term:
Foreseen obsolescence
Definition:
Foreseen obsolescence is the loss in value on an asset through obsolescence that the purchaser was expecting to occur when the asset was acquired. Foreseen obsolescence is included in consumption of fixed capital
Domain:
Economics & National Accounts
Source:
Measuring Capital: OECD Manual, Annex 1 Glossary of Technical Terms Used in the Manual, OECD, 2001
