Wear and tear

Under wear is defined as the impairment or qualitative reduction of a thing that is brought about by their use.

Technology

The technical term for the reduction of unwanted properties is called wear. In the car, for example, use parts such as tires or brake discs from nature. They have to be replaced as wearing parts, after a certain time.

Right

Legally, a distinction is normal wear and tear, so wear under conditions of normal use, excessive wear and tear. For everyday wear, the warranty can be limited, provisional heir not owe the impairment of any heir, tenant not the home owner etc.

Accounting

In the accounts in a company the impairment loss is accounted for by a post called depreciation ( asset depreciation ). If the case on the asset side of the balance sheet must be used for this a passive deposition account. Impairment of items on the liabilities side, however, booked on an active deposition account. Only in this way actually enters a balance reduction.