functional obsolescence
functional obsolescence 功能性报废 由于新的发明或设备结构的改进而使原有机器、设备相对落后或效率低下，因而被替代。其损失的价值计入财产的内耗。
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Search Results for: functional obsolescence
functional obsolescence
Obsolescence that results either from inherent deficiencies in the property, such as inadequate equipment or design, or from improvements in the property since its use began. Cf. economic obsolescence.
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obsolescence
obsolescence (ob-s[schwa]-les-[schwa]nts). 1. The process or state of falling into disuse or becoming obsolete. 2. A diminution in the value or usefulness of property, esp. as a result of technological advances. • For tax purposes, obsolescence is usu. distinguished from physical deterioration. Cf. DEPRECIATION. [Cases: Taxation 348(4).] economic obsolescence. Obsolescence that results from external economic
obsolescence
obsolescence n. 废弃；淘汰；过时；贬值 常用于税法的一个术语。指资产、财物等因技术、新发明、新替代品的廉价和广泛应用和公众好恶等原因而降低价值。这是一种功能上的、经济上的和法律上的变化，同该财产物质上的变化没有关系。 (→economic obsolescence; functional obsolescence)
economic obsolescence
Obsolescence that results from external economic factors, such as decreased demand or changed governmental regulations. — Also termed external obsolescence. Cf. functional obsolescence.
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functional depreciation
functional depreciation 功能性折旧 由于新发明和机器、设备的改进而使设备在完全报废前就被替代。 (→functional obsolescence)
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depreciation
depreciation (di-pree-shee-ay-sh[schwa]n), n. A decline in an asset’s value because of use, wear, or obsolescence. Cf. APPRECIATION; AMORTIZATION(2). — depreciate, vb. — depreciable, adj. accumulated depreciation. The total depreciation currently recorded on an asset. • On the balance sheet, an asset’s total cost less accumulated depreciation reflects the asset’s book value. — Also termed accrued