Physical deterioration refers to the process of an asset becoming outdated as a result of the availability of improved, more efficient assets.

Name: Physical deterioration refers to the process of an asset becoming outdated as a result of the availability of improved, more efficient assets.
Brand: Quizplus
Rating: 4.7 (43 reviews)

Question

Quizplus · Accepted Answer

Physical deterioration refers to the wear and tear or decay of an asset due to physical use or environmental factors, not obsolescence due to newer assets.

Physical Deterioration Refers to the Process of an Asset Becoming