- wasting asset
- A *fixed asset with a limited *useful economic life. Wasting assets are normally subjected to *amortization charges.
Auditor's dictionary. 2014.
wasting asset
Look at other dictionaries:
wasting asset — see asset 2 Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. wasting asset n. A … Law dictionary
Wasting asset — An asset which has a limited life and thus, decreases in value (depreciates) over time. Also applied to consumed assets, such as gas, and termed depletion. * * * wasting asset wasting asset ➔ asset * * * wasting asset UK US noun [C] ACCOUNTING,… … Financial and business terms
wasting asset — A term often used to describe an option because of its limited life. Shortly before its expiration, an out of the money option has only time value, which declines rapidly. For an in the money option, only intrinsic value is left upon expiration.… … Financial and business terms
wasting asset — noun : property (as mines or lumber tracts) subject to depletion * * * wasting asset noun Any asset (esp a natural resource, such as a mine) whose value decreases with its depletion and which cannot be replaced or renewed • • • Main Entry: ↑waste … Useful english dictionary
Wasting Asset — An item that irreversibly declines in value, as a function of time. Wasting assets include vehicles, machinery and other fixed assets. Accountants attempt to quantify the amount that assets decrease in value over time, by assigning depreciation… … Investment dictionary
wasting asset — asset whose quantity diminishes over time … English contemporary dictionary
wasting asset — A natural resource having a limited useful life and, hence, subject to amortization called depletion. An asset that will be exhausted through its use. Examples are timberland, oil and gas wells, and ore deposits. See also depletion wasting… … Black's law dictionary
wasting asset — An asset that has a finite life; for example, a lease may lose value throughout its life and become valueless when it terminates. It is also applied to such assets as plant and machinery, which wear out during their life and therefore lose value … Accounting dictionary
wasting asset — An asset that has a finite life; for example, a lease may lose value throughout its life and become valueless when it terminates. It is also applied to such assets as plant and machinery, which wear out during their life and therefore lose value … Big dictionary of business and management
wasting asset — /ˌweɪstɪŋ æsɪt/ noun an asset which becomes gradually less valuable as time goes by (e.g. a short lease on a property) … Dictionary of banking and finance
