Useful economic life: Difference between revisions

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Using depreciation or amortisation, the book values of fixed assets are generally written down over their remaining useful economical life, to their residual value.
Using depreciation or amortisation, the book values of fixed assets are generally written down over their remaining useful economic life, to their residual value.




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* [[Amortisation]]
* [[Amortisation]]
* [[Depreciation]]
* [[Depreciation]]
* [[Financial reporting]]
* [[Fixed assets]]
* [[Fixed assets]]
* [[IAS 16]]  (Tangible assets - Property, plant and equipment)
* [[IAS 38]]  (Intangible assets)
* [[Impairment]]
* [[Intangible assets]]
* [[International Financial Reporting Standards]]  (IFRS)
* [[Life]]
* [[Net book value]]
* [[Net book value]]
* [[Reducing balance ]]
* [[Reducing balance ]]
* [[Residual value]]
* [[Residual value]]
* [[Straight line ]]
* [[Straight line ]]
* [[Useful life]]
* [[Write down]]
* [[Write down]]


[[Category:Planning_and_projects]]
[[Category:Accounting,_tax_and_regulation]]
[[Category:Accounting,_tax_and_regulation]]
[[Category:Corporate_finance]]
[[Category:Manage_risks]]
[[Category:Manage_risks]]
[[Category:Technology]]

Latest revision as of 05:32, 10 August 2024

Accounting.

The period over which the present owner of an asset will derive economic benefits from its use.


Using depreciation or amortisation, the book values of fixed assets are generally written down over their remaining useful economic life, to their residual value.


See also