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wasting asset
(redirected from Wasting Assets)

   Also found in: Financial 0.01 sec.
wasting asset
n.
A fixed asset, such as a mine or an oil well, that diminishes in value over time.

wasting asset
n
(Economics, Accounting & Finance / Accounting & Book-keeping) an unreplaceable business asset of limited life, such as a coal mine or an oil well


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And some alternative investments, such as wine and vintage cars, are known as wasting assets and are exempt from capital gains tax.
When you buy a patented product or a portfolio of products, you're buying what are ultimately wasting assets," said Dr de Pass.
As common hold will replace fixed-term leases, owners will not be confronted with the problem of wasting assets as leases run down.
 
 
 
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