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wear and tear
Definition
Gradual
physical deterioration
of an
asset
from age, use, and/or weathering.
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Nearby Terms
weakness
wealth
wealth effect
wealth maximization
Wealth of Nations
wealth psychologist
wear and tear
wear and tear exclusion
wearout
weather
weather derivative
web
web 2.0
Popular 'Industries, Manufacturing, & Technology' Terms
quality
process
production
backorder
procedure
fixed cost
marginal cost
equipment
overhead
goods
Related Terms
depreciation
projected total life cost
maintenance
physical depreciation
routine maintenance
rate of depreciation
accelerated depreciation
waste
accelerated life test (ALT)
accident
Mentioned in these terms
wear and tear exclusion
excessive wear and tear charge
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