IMGCAP(1)]The determination of fair value of machinery and equipment assets for financial reporting purposes should include the consideration of three forms of depreciation: physical, economic and ...

The word obsolescence means disuse, discontinuance, and obsoleteness. The term functional refers to the ability of a product to perform its normal operations. When those two words are combined, they ...

Have you ever wondered why major purchases — such as vehicles or large appliances — always seem to break down immediately after a manufacturer's warranty expires? Or perhaps you've asked how an ...

It’s widely held that certain gadgets, cars and other tech have deliberately short lifespans, to make you shell out to replace them. What’s the reality? “They don’t make ‘em like they used to,” as the ...

Before properly exploring the impact of legacy equipment manufacturing (LEM), we must first change our perspective on electronics obsolescence, product lifecycles, and supply-chain risk management.

Product obsolescence is not new to aviation, and neither are the costs and inefficiencies caused by this issue. Yet some industry experts say too often, the avionics industry fails to take a strategic ...

Reframing obsolescence as a natural part of the product lifecycle. Securing supply chains and collaborating for successful product sustainment. Everyone has habits. They permeate every aspect of our ...