The number of years depreciable business property is expected to be productive and in use. For depreciation purposes, the IRS has predetermined useful lives for most types of business properties.
The number of years an asset is expected to remain in service. The useful life is employed in calculating annual depreciation. (State equipment classes and their useful lives are found at the State Administrative and Accounting Manual website).
The expected life of a peice of equipment. The ujseful life for copiers generally range from three to five years.
The period of time during which an asset has economic value and utility.
The length of time, as specified in the tax code, over which an asset may be depreciated. The Useful Life for tax purposes is not necessarily the same as the actual physical life expectancy of a particular asset.
The normal operating life in terms of utility to the owner.
An estimate of the period of time over which an asset will be of use to a company. Along with acquisition cost and salvage value, this measure is used to calculate the amount that the asset is depreciated each year.
The period during which a Fixed Asset is expected to be used in the business to earn profits. The asset may still be usable at the end of this period, but is expected to be sold.
The length of time that equipment (or some other asset) is expected to be usuable, and therefore can be said to have economic value to the user. The useful life of an asset is sometimes called its "economic life." To qualify as a true lease, equipment must have a remaining useful life of at least 20 percent of the original estimated useful life, and the remaining useful life must be for a minimum of one year.
An estimated amount of time during which an asset or facility will yield income or be useful. To qualify as an operating lease, the property must possess a remaining useful life of 25% of the original estimated useful life and a life of greater than or equal to one year.
A period of time during which an asset has economic value and is usable. The useful life of an asset sometimes is called the economic life of the asset.
The time period over which an asset is expected to provide the entity with service potential.
The period between the early high failure rate expected with new components and the later high failure rate due to component wear.
Usual operating service life of property for the purpose it was acquired. The useful life used for depreciation accounting does not necessarily coincide with the actual physical life or any commonly recognized economic life.
To be depreciable, your property must have a determinable useful life. This means it must be something that wears out, decays, gets used up, becomes obsolete, or loses its value from natural causes. The estimated length this takes is called its useful life.
The period of time during which an asset will have economic value and be usable. (Also called "economic life".) endor - The seller of equipment to the lessor for lease to a third party (lessee). ire Transfer - The transfer of funds from one party to another through the Federal Reserve Banking system.
An estimate of how long an item of property can be expected to produce income or be usable in trade or business. To be depreciable, your property must have a determinable useful life. This means it must be something that wears out, decays, gets used up, becomes obsolete, or loses its value from natural causes.
An estimation of the period of time over which a property, building or other asset will be of value or use to its owner.
The length of time, as specified in the tax code, over which an asset may be depreciated. The Useful Life for tax purposes may not be synonymous with the actual useful life of personal or real property.
The length of time a coating is expected to remain in service.
The period of time during which an asset will have economic value and be usable. Useful life of an asset is sometimes called the economic life of the asset.
This is the period of time that it will be economically feasible to use an asset. Useful life is used in computing depreciation on an asset, instead of using the physical life. For example, a computer might physically last for 100 years; however, the computer might be useful for only three years due to technology enhancements that are occurring. As a consequence, for financial statement purposes the computer will be depreciated over three years. To Top
An estimate of the period of time an asset will remain useful in a trade or business or to produce income. Also see “Depreciable improvement” and “Depreciation.
The life that an asset is expected to be useful to the company.
That period of time over which an asset, such as a building, is expected to remain economically feasible to the owner.
The period of time over which property is expected to have utility.
The amount of time a depreciable asset may be expected to be in use.
Useful life of an asset is defined by one of the following: the amount of time the asset may be utilized (i.e. months, years); the number of units it may produce (i.e. boxes); or the service quantities produced (i.e. machine hours operated, miles driven, etc.)
The period of time during which an asset will have economic value and be usable. The useful life of an asset is sometimes also referred to as its economic life.
The number of years in which business property that will depreciate in value is expected to be productive and in use for the business.
The expected period of time during which a depreciating asset will be productive.
An appraisal that was done for a property that is for sale must state the true economic value of the structure in terms of years of use to the owner. For purposes of taxation, the life set for depreciation.
The period of time during which a structure may reasonable be expected to perform the function for which it was designed or intended.
The number of years, as set by the IRS, that depreciable business equipment or property is expected to be in use.