wear and tear Definition

wear and tear

Definition

The gradual deterioration of an asset which results naturally from use and/or age.

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Related Terms

depreciation - More

Related Terms on BusinessDictionary

projected total life cost
rate of depreciation
replacement factor
physical depreciation
excessive wear and use charge
routine maintenance
waste

physical deterioration
accelerated depreciation
obsolescence
accident
maintenance
depreciation

Popular 'Accounting' Terms

current ratio
equity
working capital
asset
EBITDA

revenue
net income
negotiable
net profit
net worth

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wear and tear is ...

... part of the Accounting subject.

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weighted
weighted average

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