Question

write short note on drowings and wasting assets

Answer 1

As the asset is used, it depreciates, eventually having little or no residual value. During the period of depreciation, the asset is called a "wasting asset." For example, natural resources, such as gas and timber, are wasting assets that eventually are used and then have no remaining value.

Answer 2

Drawing is the process of withdraw goods or amount from any way.

Wasting assets are that assets which are not usable