Obsolescence
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Functional Obsolescence
Depreciation due to factors in the property that do not meet the expectations of buyers
Technological Obsolescence
The process whereby an asset or the components of an asset become irreplaceable due to changes in technology over time
style obsolescence
When a product or asset is no longer desirable to the owners because it has gone out of popular fashion, its style is considered to be obsolete
planned obsolescence
act of planning the premature discontinuance of product models that perform adequately
obsolescence
situation in which older products and processes become out-of-date
