Regular Use

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August 31, 2024 4 min read Definitions

Wear and Tear: Understanding Cumulative Damage from Regular Use

Economics Finance Insurance Wear and Tear Capital Consumption Equipment Regular Use Insurability

Wear and tear refers to the gradual degradation of equipment or assets due to regular use, which is not typically insurable and is excluded from manufacturers' warranties. It's a significant cause of capital consumption alongside accidents and obsolescence.

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