Definition: Normal accidental damage

Category: National accounts

Normal accidental damage is the loss in value of assets from accidents that damage or destroy and that were known to be likely to occur when the assets were acquired. Transport equipment is frequently subject to accidents of this kind. Losses from normal accidental damage are included in consumption of fixed capital.
Organisation for Economic Co-operation and Development (OECD), "Measuring Capital - OECD Manual: Measurement of Capital Stocks, Consumption of Fixed Capital and Capital Services", Annex 1: Glossary of technical terms used in the Manual, Paris, 2001