Useful economic life: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson m (Add link.) |
imported>Doug Williamson (Add link.) |
||
| Line 12: | Line 12: | ||
* [[Depreciation]] | * [[Depreciation]] | ||
* [[Fixed assets]] | * [[Fixed assets]] | ||
* [[Life]] | |||
* [[Net book value]] | * [[Net book value]] | ||
* [[Reducing balance ]] | * [[Reducing balance ]] | ||
Revision as of 17:03, 7 July 2022
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.
