useful life
Definition
Period during which an asset or property is expected to be usable for the purpose it was acquired. It may or may not correspond with the item's actual physical life or economic life.
useful life is in the Industries, Manufacturing, & Technology subject.
useful life appears in the definitions of the following terms:
servicing,
installation goods,
declining balance depreciation,
reliability,
green design,
operating and support cost,
reliability, availability, maintainability (RAM),
retirement,
life cycle cost,
capital improvement
and
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