Difference between revisions of "Useful life (glossary)"
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| − | <blockquote> ''The period of time during which an asset or property is expected to be usable for the purpose it was acquired. It may or may not correspond with the item's actual physical life or economic life. (WebFinance 2012) | + | <blockquote> ''The period of time during which an asset or property is expected to be usable for the purpose it was acquired. It may or may not correspond with the item's actual physical life or economic life''. (WebFinance 2012)</blockquote> |
| − | === | + | ===Sources=== |
WebFinance. 2012. "dictionary.com" (online). Washington, DC, USA: WebFinance, Inc. Accessed on 11 September 2012. Available at: http://www.businessdictionary.com/definition/useful-life.html | WebFinance. 2012. "dictionary.com" (online). Washington, DC, USA: WebFinance, Inc. Accessed on 11 September 2012. Available at: http://www.businessdictionary.com/definition/useful-life.html | ||
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[[Category:Glossary of Terms]] | [[Category:Glossary of Terms]] | ||
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Latest revision as of 22:07, 2 May 2024
The period of time during which an asset or property is expected to be usable for the purpose it was acquired. It may or may not correspond with the item's actual physical life or economic life. (WebFinance 2012)
Sources
WebFinance. 2012. "dictionary.com" (online). Washington, DC, USA: WebFinance, Inc. Accessed on 11 September 2012. Available at: http://www.businessdictionary.com/definition/useful-life.html
Discussion
None.