Obsolescence

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Related to Obselete: obsolescence, absolute

obsolescence

[‚äb·sə′les·əns]
(engineering)
Decreasing value of functional and physical assets or value of a product or facility from technological changes rather than deterioration.

Obsolescence

A loss in value due to a decrease in the usefulness of property caused by decay, changes in technology, people’s behavioral patterns and tastes, or environmental changes. Items or buildings that become out of date or practice and fall into disuse; also impairment of a building resulting from a change in the design or from external influences which tend to make the property less desirable for continued use.
References in periodicals archive ?
Add back: Adjustment for SOP 97-2 (now ASC 985-605) software revenue recognition, stock-based compensation, excess and obselete and related recoveries, amortization of intangibles and cost of revenue step up arising from acquisition of substantially all the assets of Silicon Graphics, Inc.
Tenders are invited for Replacement of old and obselete 11 KV Panel Set at 33 KV Sub Station Bhalwal
The seventh tallest man-made structure, the radio mast was rendered obselete by the switch from analog to digital signal in 2008.
Just as MP3s led to a fall in CD sales, e-books are likely to eat into sales of regular books, but this change will be a much slower process, so books aren't going to become obselete for a long time.
Police officers continued to use whistles while on duty, until the advance of the two-way radio system rendered them obselete.
With torrential rain wiping out Thursday's play, the field will attempt to fit in 36 holes today, so overnight prices will be obselete and it will be in-running action only by the time most punters wake up.
Zoo, Sixty Min Silence, Obselete Start Presents 8pm