The charge for the using up of private
and government fixed capital located in the United States. It is the
decline in the value of the stock of
fixed
assets due to wear and tear, obsolescence, accidental damage,
and aging. For general government and for nonprofit institutions
that primarily serve individuals, CFC serves as a measure of the
value of the current services of the fixed assets owned and used by
these entities. Related terms:
capital
consumption adjustment (CCAdj),
capital
consumption allowance (CCA).
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