wasting asset

Definition of "wasting asset"
  1. A type of property, such as a copyright or an oil well, that will decrease in value over time because it can be used up or expire
How to use "wasting asset" in a sentence
  1. The company realized that the oil well was a wasting asset, and it would eventually lose its value.
  2. The company depreciated the cost of their wasting asset, an exclusive software license, over a period of time.
  3. The business feared the loss of their wasting asset, a patent on their key product, due to its impending expiration date.

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