Erosion, in a financial sense, is defined as:The expense created on an annual basis from reducing th

Erosion, in a financial sense, is defined as:The expense created on an annual basis from reducing th

Erosion, in a financial sense, is defined as:The expense created on an annual basis from reducing the book value of fixed assets.The deterioration of the book value of new assets obtained when a new project is implemented.The diminishing cash flows created by a new project over time.The negative impact on the current cash flows from an existing product when a new product is introduced.The effect of taxation on the additional cash flows created when a new project or activity is implemented.

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