Useful economic life: Difference between revisions
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* [[Residual value]] | * [[Residual value]] | ||
* [[Straight line ]] | * [[Straight line ]] | ||
* [[Useful life]] | |||
* [[Write down]] | * [[Write down]] | ||
[[Category:Accounting,_tax_and_regulation]] | [[Category:Accounting,_tax_and_regulation]] | ||
[[Category:Manage_risks]] | [[Category:Manage_risks]] | ||
Revision as of 20:43, 29 October 2023
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.
