The period of time during which an asset will have economic value and be usable The useful life of an asset is also called the Economic Life of the asset To qualify as an operating lease, the equipment or property must have a remaining useful life of 25% of the original estimated useful life of the leased equipment or property at the end of the lease term, and at least a life of one year Yield: In a lease agreement, this is the rate of return to the lessor
The term used to describe the life over which an asset is expected to be useful to the company; cost is assigned to the periods benefited from using the asset
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 property must have a remaining useful life of 25 percent of the original estimated useful life of the leased property at the end of the lease term, and at least a life of one year
The period of time during which an asset will have economic value and be useable Useful life of an asset is sometimes called the economic life of the asset To qualify as a true lease, the leased property must have a remaining useful life of 20% of the original estimated useful life of the leased property at the end of the lease term, and at least a life of one year
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
The period of time during which an asset will have economic value and be useable The useful life of an asset is sometimes called the economic life of the asset To qualify as a true lease, the leased property must have a remaining useful life of 20 percent of the original estimated useful life of the leased property at the end of the lease term, and at least a life of one year
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 )
– 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 Back to Top
the maximum length of time that a component can be left in service, before it will start to experience a rapidly increasing probability of failure The Useful Life determines the frequency with which a Scheduled Restoration or a Scheduled Discard task should be performed Note that for the concept of the Useful Life of a component to hold true, components must, at some consistent point in time, experience a rapidly increasing probability of failure Research in the airline industry showed that, in this industry at least, this was only true for 11% of the components in modern aircraft
shall mean a period of 10 years upon construction completion and issuance of an occupancy permit applicable to a residential rental, transitional or homeownership property acquired, constructed or rehabilitated (including architectural and engineering fees), or maintained (i e , operating costs or replacement reserves), in whole or in part, with Youthbuild implementation grant funds (as used in section 455(a), Youthbuild Program Requirements, of the Act)
The term used to describe the life over which an asset is expected to be useful to the organization; cost is assigned to the periods benefited from using the asset