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LSDefine

Simple English definitions for legal terms

functional depreciation

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A quick definition of functional depreciation:

Functional depreciation is when something loses value because it is no longer useful or efficient due to new inventions or improved technology. This can happen even if the item is not worn out or damaged. For example, an old computer may still work, but it is not as fast or efficient as a newer model. This type of depreciation is different from wear and tear or damage, which can also cause an item to lose value.

A more thorough explanation:

Definition: Functional depreciation is a decline in the value of an asset due to it becoming obsolete or outdated, even if it is not yet worn out from use.

For example, imagine a factory that uses a machine to produce goods. After a few years, a new and improved machine is invented that can produce the same goods faster and more efficiently. Even though the old machine may still work, it is now considered functionally depreciated because it is no longer the best option for the factory to use.

Another example could be a computer that is still in good working condition but cannot run the latest software or programs. It may still have value, but it is functionally depreciated because it cannot perform the tasks that newer computers can.

Functional depreciation is important to consider when determining the value of an asset, as it can affect its usefulness and ultimately its worth.

functional analog | functional discount

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THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
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