wasting asset
- 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
- The company realized that the oil well was a wasting asset, and it would eventually lose its value.
- The company depreciated the cost of their wasting asset, an exclusive software license, over a period of time.
- The business feared the loss of their wasting asset, a patent on their key product, due to its impending expiration date.
Provide Feedback
