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Glossary of the 1993 SNA - Definition of Term

TermConsumption of fixed capital
DefinitionConsumption of fixed capital represents the reduction in the value of the fixed assets used in production during the accounting period resulting from physical deterioration, normal obsolescence or normal accidental damage.
Paragraphs10.27.;[6.179.];[10.118.]
 
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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