Useful economic life: Difference between revisions
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imported>Doug Williamson (Expand definition.) |
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* [[Residual value]] | * [[Residual value]] | ||
* [[Straight line ]] | * [[Straight line ]] | ||
* [[Write down]] | |||
[[Category:Planning_and_projects]] | [[Category:Planning_and_projects]] | ||
Revision as of 14:16, 23 December 2020
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 economical life, to their residual value.
