Useful life (glossary): Difference between revisions
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Revision as of 02:48, 10 May 2022
The period of time 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. (WebFinance 2012)
Sources
WebFinance. 2012. "dictionary.com" (online). Washington, DC, USA: WebFinance, Inc. Accessed on 11 September 2012. Available at: http://www.businessdictionary.com/definition/useful-life.html
Discussion
None.