Accountancy, asked by yogaavarshini2002, 6 months ago

Define wasting asset ​

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Answered by manansachdeva29
1

Answer:

A wasting asset is an item that has a limited life span and irreversibly declines in value over time. Such fixed assets could be vehicles and machinery. However, in the financial markets, the term refers to options contracts since the contract will continually lose time value after purchase.

Answered by misti8967
1

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