Useful economic life: Difference between revisions
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imported>Doug Williamson (Expand definition.) |
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The period over which the present owner of an asset will derive economic benefits from its use. | 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. | |||
== See also == | == See also == | ||
* [[Amortisation]] | |||
* [[Depreciation]] | |||
* [[Fixed assets]] | * [[Fixed assets]] | ||
* [[Net book value]] | |||
* [[Reducing balance ]] | |||
* [[Residual value]] | |||
* [[Straight line ]] | |||
[[Category:Planning_and_projects]] | [[Category:Planning_and_projects]] | ||
Revision as of 15:54, 20 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.
