50 IAC 4.2-9-1

50 IAC 4.2-9-1 "Obsolescence" defined

Last amended: 2003Year: 2027Length: 30 wordsOfficial source

Cite as Ind. Admin. Code tit. 50, r. 4.2-9-1

Sec. 1. "Obsolescence" means the reduction in value of business personal property that occurs through use, technological improvements, passage of time, changes in market values, and physical deterioration or destruction.
50 IAC 4.2-9-1: 50 IAC 4.2-9-1 "Obsolescence" defined | Justis AI