Cost of Energy Generation: Second Symposium on Power Costs: Depreciation and Obsolescence
Maurice R. Scharff
Abstract
Maurice R. Scharff
Abstract
Depreciation should be used as a generic term for the effects of physical deterioration, obsoleteness, inadequacy and change in use or in demand, and requirement of public authority. The writer treats the engineering aspects of each of these causes of depreciation, and suggests that engineering study offers the greatest hope of progress toward their better understanding.
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Depreciation should be used as a generic term for the effects of physical deterioration, obsoleteness, inadequacy and change in use or in demand, and requirement of public authority. The writer treats the engineering aspects of each of these causes of depreciation, and suggests that engineering study offers the greatest hope of progress toward their better understanding.
Key concepts: Obsolescence, Depreciation (economics), Economics, Consumption of fixed capital, Business, Risk analysis (engineering), Environmental economics, Microeconomics