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Crude petroleum is a good example of a



Discussion (2)

  • Bashir

    A wasting asset is a property or security that has a limited life and loses value over its life.

  • A wasting asset is an item that has a limited life span and irreversibly declines in value over time. Such fixed assets could be vehicles and machinery.Crude petroleum is one good example of such due to its spillage on the ground accompanied by its drilling.