Useful life is the period of time that a property is expected to be economically useful.

The number of months or years, as determined by the IRS, that depreciable business equipment or property is expected to be in use.

The span of time over which a property can be used or can provide benefits to its owner.

The period of time over which a commercial property can be depreciated for federal income-tax purposes. Also known as economic life.

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 [..]

Definition The length of time that a depreciable asset is expected to be useable.

an estimated amount of time during which an asset or facility will yield income or be useful see also depreciation

the maximum length of time that a component

The period of time during which an asset will have economic value and be usable. The useful life of an asset is sometimes called its economic life.

The period of time during which an asset will have economic value and be usable. The useful life of an asset is sometimes called the economic life of the asset. To qualify as an operating lease, the p [..]

This is also referred to as economic life, the period of time during which an asset has economic value and is usable.

Sometimes called economic life, useful life refers to the period of time during which an asset is usable and has economic value. To qualify as an operating lease, the property must have, at the end of [..]

Useful life refers to the length of time in years that a depreciable asset will be productive. The IRS defines useful lives for most business assets, including computers and vehicles. The useful life [..]

Useful Life is the expected period of time, in years, during which a depreciating asset will be productive. It is the number of years, as set by the IRS, that depreciable business equipment or propert [..]

The span of time over which a property can be used or can provide benefits to its owner.

The period between the early high failure rate expected with new components and the later high failure rate due to component wear.

The period during which an asset will have economic value and be usable. The useful life of an asset is sometimes called the "economic" life of the asset.

Measures fixture lifetime. For non-LED fixtures, the useful life is the length of time until the lamp “burns out.” For LEDs, this term is usually defined as the estimated time after which light output depreciates to 70% of its initial rating.

The length of time an asset or device can be used without major refurbishing. In lighting, the useful life of lamps is typically stated at 70% of initial lumens since it is difficult to perceive this [..]

An estimate of the total time that an asset is usable and in service.

Useful life is the normal operating life of the asset in terms of utility to the owner (source: SFFAS 10) (USAID Automated Directives System - ADS - Chapter 629).

The second phase of the lifetime of a population of a particular component when only random failures occur.

The period during which a construction is used for the end to which it was indented until its decommissioning, closure or its demolition.

Normal operating life in terms of utility to the owner: said of a fixed asset or a fixed-asset group; the period may be more or less than physical life or any commonly recognized economic life; servic [..]