It is always possible to quibble with the details of a peace process or peace deal, but here is the hard reality: US leverage in Afghanistan is a wasting asset
. Washington could have made a much better deal five years ago, a still better deal five years before that and an unimaginably good deal in 2001 or 2002.
From a C-suite/shareholder perspective, this camouflaged wasting asset
strategy makes sense if the execution is quality.
A classic motorcycle is considered a 'wasting asset
' by HMRC, which means there is no capital gains tax to pay on any profit.
Oil is a wasting asset
. The resources generated from this sector must, therefore, be used to promote all-around expansion in the productive capacity of the economy so as to ensure self-sustaining growth in the shortest possible time'.
A transition period was a "wasting asset
" which will lose its value the longer it takes to agree.
Antibiotics have been a wasting asset
since the first was developed in 1911.
Fortunately clocks carry an exemption from capital gains tax as they qualify as "machinery", and are therefore treated as a wasting asset
with an expected working life of 50 years or less.
UK tax rules treat fine wine as a 'wasting asset
', as it has an expected life of less than 50 years, so any increase in value does not attract capital gains tax.
For tax purposes classic cars are regarded by HMRC as a 'wasting asset
' meaning that any profits on the sale of the vehicle will not be subject to capital gains tax.
Matters become more complicated when the subject is represented by a wasting asset
that loses value over the course of the investment cycle.
"European soft power is a wasting asset
in a world in which other regions and powers are increasingly self-confident and less willing to base their policies on relations with the West.