Term:
Abnormal obsolescence
Definition:
Abnormal obsolescence is the loss in value of an asset due to a fall in demand for that type of asset that could not have been foreseen when the asset was acquired.
Domain:
Economics & National Accounts
Source:
Measuring Capital: OECD Manual, Annex 1 Glossary of Technical Terms Used in the Manual, OECD, 2001
