An asset is considered to be obsolete when a newer asset can perform the job more efficiently.

Name: An asset is considered to be obsolete when a newer asset can perform the job more efficiently.
Brand: Quizplus
Rating: 4.7 (52 reviews)

Question

Quizplus · Accepted Answer

Obsolescence refers to the process of becoming outdated or no longer useful. In the context of assets, an asset is considered obsolete when it can no longer effectively perform its intended function and there are newer assets available that can perform the job more efficiently.

An Asset Is Considered to Be Obsolete When a Newer