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Glossary of the 1993 SNA - Definition of Term

Term	Unforeseen obsolescence
Definition	Unforeseen obsolescence arises when the amount included in consumption of fixed capital for an asset's normally expected obsolescence falls short of the amount required to cover its actual obsolescence.
Paragraphs	12.43.

It is acknowledged that this glossary uses descriptions of the OECD glossary of statistical terms, the Glossary of the System of National Accounts 1993 and the UN classifications registry.

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