Question

______________refers to the loss of value of fixed assets while they are not in use.​

Answer 1

Answer:

Obsolescence is another reason for depreciation. Obsolescence refers to the loss of value of a fixed asset due to change in technology or change in demand for goods and services. ... Loss in value due to expected or foreseen obsolescence is called depreciation (in value) or consumption of fixed capital.

Answer 2

Explanation:

obsolescence refers to the loss of value of fixed ...............