Meaning of Indian name: Amrita. Meaning of the name Amrita is 'Full of nectar'. Amrita is a name of Hindu / Indian origin, and is commonly used for females. The name number for Amrita is '8'. Click here to get the numerological analysis for the name 'Amrita'.
Some other examples of functional obsolescence in homes include: 1  All bedrooms on the 2nd floor and the only bath located on the 1st floor. 2  Walking through one bedroom to get to another. 3  Walking through a dining room or living room to get to a bedroom. 4  Walking through a formal space to enter the garage.
Understanding Obsolescence. Simply stated, inventory or any business asset becomes obsolete when the item is no longer salable or useful. This results in a loss of value to the business holding the item.irst, inventory and assets should be periodically reviewed for obsolescence. Once identified as obsolete, items should be segregated on financial statements with a write-down by debiting an income-statement expense account and crediting a balance sheet contra-asset account such as inventory reserve.