estimated useful life
Definition
Period during which an asset is projected to generate revenue or provide other valuable service. Also called estimated life.
estimated useful life is in the Accounting & Auditing, Banking, Commerce & Finance and Industries, Manufacturing, & Technology subjects.
estimated useful life appears in the definitions of the following terms: declining balance depreciation, amortization, units-of-output depreciation, straight line depreciation, estimated life, depreciation, depreciable cost and sum of the years digits (SYD) depreciation
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