wear and tear


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Normal Wear and Tear

Deterioration to property one would expect from reasonable, light use. For example, small scratches or chips in the paint of a wall that occur over the course of a year or two may be considered normal wear and tear. A large hole in the wall resulting from a wild party generally would not. A tenant ordinarily does not compensate a landlord when the landlord repairs normal wear and tear.

wear and tear

the gradual deterioration in the efficiency (and value) of a productive ASSET through constant use. See DEPRECIATION 2, CAPITAL CONSUMPTION.

wear and tear

Physical deterioration of property as a result of normal usage and aging.

References in periodicals archive ?
TOM: Whereas if you use a rental car, I can guarantee that there will be absolutely no wear and tear on your car.
This system also keeps chisel paste where it belongs to allow the breaker to run longer without risking wear and tear from a lack of chisel paste.
The basis of an asset is required to be reduced for exhaustion, wear and tear, obsolescence, amortization and depletion, to the extent that the amount was "allowed or allowable" as a deduction in computing taxable income (Sec.
Your MRI findings are consistent with degenerative changes due to wear and tear, which cause loss of normal resiliency and sponginess of the meniscus.
Following the time tables in the PMCS chart also minimizes unnecessary wear and tear to the equipment.