Wear And Tear

It is a form of Depreciation which is assumed to occur even when used competently and with care and Maintenance . For example, Friction may erode a Hammer 's head as nails are hammered into wood. In the main use of a hammer Erosion is impossible to prevent, and any attempt to eliminate this erosion would make the hammer useless. At the same time, it is expected that the normal use of a hammer will not break it beyond repair until it has gone through a certain amount of use.

A company which supports a warranty on a product with the possibility of ''wear and tear'' will usually limit the warranty to a period of time where its ''wear and tear'' will probably not be enough to impede the use of the product significantly. Other factors such as the willingness of a customer to replace a product through warranty will affect how long the company offers it.

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Wear And Tear