- useful economic life
- The period of time over which an asset can provide economic benefits to its owner. The costs of *long-term assets are *amortized over their useful lives. See also *wasting asset.
Auditor's dictionary. 2014.
useful economic life
Look at other dictionaries:
useful economic life — The period for which the present owner of an asset will derive economic benefits from its use. Under Statement of Standard Accounting Practice 12, Accounting for Depreciation, an asset should be depreciated over its useful economic life … Big dictionary of business and management
useful economic life — The period for which the present owner of an asset will derive economic benefits from its use … Accounting dictionary
economic life — See *useful economic life … Auditor's dictionary
economic life — The time period over which an asset s NPV is maximized. Economic life can be less than absolute physical life for reasons of technological obsolescence, physical deterioration, or product life cycle. Bloomberg Financial Dictionary * * * economic… … Financial and business terms
Economic Life — The expected period of time during which an asset is useful to the average owner. The economic life of an asset could be different than the actual physical life of the asset. Estimating the economic life of an asset is important for businesses so … Investment dictionary
economic life, sociology of — The fundamental problem in economics is to explain how the limited productive resources and effort of a society are allocated among the wide range of alternative uses to which they might be put. Conventional economic theory seeks to address this… … Dictionary of sociology
economic life — Useful or profitable life of property, which may be shorter than the physical life. See also economic obsolescence … Black's law dictionary
economic life — Useful or profitable life of property, which may be shorter than the physical life. See also economic obsolescence … Black's law dictionary
useful life — The expected period of time during which a depreciating asset will be productive. Bloomberg Financial Dictionary * * * useful life useful life ➔ life * * * useful life UK US noun [C] (also useful economic life) ► ACCOUNTING ECONOMIC LIFE( … Financial and business terms
life — [laɪf] noun lives PLURALFORM [laɪvz] [countable] 1. the period of time during which something takes place or exists: • industrial products used during the life of a mining operation • The rate of interest is often subsidized and fixed for the… … Financial and business terms
