If an asset's physical condition deteriorates more rapidly than would be reflected by normal depreciation,that is referred to as:

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Asset impairment refers to situations where an asset's value on the balance sheet exceeds its recoverable value due to factors such as physical damage, obsolescence, or changes in market conditions. This can lead to a write-down of the asset's value on the balance sheet, which is typically reported in the income statement as a loss. Accelerated depreciation refers to a method of depreciation that allows a company to deduct a larger portion of the asset's cost in the early years of its life to reflect the asset's rapid loss of value, while asset disposal refers to the process of getting rid of or selling an asset that is no longer needed. Shrinkage refers to the loss of inventory, cash, or other assets due to theft, fraud, or other factors.

If an Asset's Physical Condition Deteriorates More Rapidly Than Would