useful life

useful life definition - finance
An estimate of how long an asset can be used before it permanently breaks down or before it requires so many repairs that fixing it is not practical. Estimates of useful life are made for pur-poses of calculating depreciation on fixed assets.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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