Examples of planned obsolescence include:
Limiting the life of a light bulb
, as per the Phoebus cartel. Coming out with a new model for a car every year with minor changes. Short-lasting nylon stockings.
What do you mean by obsolescence?
:
the process of becoming obsolete or the condition of being nearly obsolete the gradual obsolescence of machinery reduced to obsolescence the planned obsolescence of automobiles
.
What is an example of obsolescence?
Examples of planned obsolescence include:
Limiting the life of a light bulb
, as per the Phoebus cartel. Coming out with a new model for a car every year with minor changes. Short-lasting nylon stockings.
What are the 3 types of obsolescence?
- Functional Obsolescence: …
- Economic Obsolescence: …
- Physical obsolescence:
What is obsolescence in accounts?
Obsolescence in the business sense is
the loss in value of an asset due to loss of usefulness or technological factors
; obsolescence describes an asset which is “out of date.” Obsolescence is not related to the physical usefulness or workings of the asset.
What causes unexpected obsolescence?
Explanation:
Loss of value of fixed assets
because of unexpected obsolescence is called capital loss. Natural calamities such as earthquake , floods, etc is one way that unexpected obsolescence can happen.
What causes obsolescence?
A key factor that causes obsolescence is
a shift in technology or product design
. When new components come to market, older parts become less useful and are usually designed out of a product or the manufacturing process. Likewise, rapidly changing technology in equipment also causes obsolescence.
What is the other name of obsolescence?
Synonyms & Near Synonyms for obsolescence.
antiquation
, datedness, obsoleteness, old-fashionedness.
What is another word for obsolescence?
| disuse desuetude | decay desertion | inactivity non-use | nonuse insuetude | inusitation obsoleteness |
|---|
How can obsolescence be prevented?
Avoiding obsolescence or minimizing its costs can be accomplished through
actions in planning and programming; design
; construction; operations, maintenance, and renewal; and retrofiting or reuse of a facility (throughout the facility life cycle).
Is functional obsolescence curable?
As the name suggests, curable functional obsolescence refers to
any deficiency that can be cured by the property owner
. For example, if physical depreciation can be fixed by repairing and renovating the subject property, then the obsolescence would be considered curable.
What are examples of functional obsolescence?
Understanding Functional Obsolescence
For example,
an old, two-bedroom house in an area with modern three bedrooms with a bathroom in each room can be considered functionally obsolete
. Other items that are highly prone to functional obsolescence include electronics, such as smartphones.
What is incurable depreciation?
Incurable Depreciation is
a defect in an asset, making it too costly to fix
. Also see Depreciation.
What is an obsolescence factor?
Obsolescence risk is
the risk that a process, product, or technology used or produced by a company for profit will become obsolete
, and thus no longer competitive in the marketplace. This would reduce the profitability of the company.
What is obsolescence loss?
Economic depreciation (or obsolescence) is
the loss in value resulting from factors external to the asset (or group of assets)
such as changes in the supply of raw materials or demand for products.
What is obsolescence stock?
Obsolete
Stock
is a term that refers to
inventory
that has reached the end of its product life cycle. In this stage of the product life cycle, there is no market demand for the product.
