What Is Functional Loss

Multiple Choice

What is functional loss?

A) Functional loss occurs when the asset can still perform its function despite a loss in its market value.
B) Functional loss occurs when the asset becomes unusable to to misuse.
C) Functional loss occurs when the asset wears out due to being used for its intended function.
D) Functional loss occurs when the asset wears out due to the passage of time, whether or not it is used.
E) Functional loss occurs when the asset can still perform its original function, but that function is no longer valued.