Economic Life definition

Economic Life means the number of years a property improvement is expected to be in service in a facility.
Economic Life means the period over which improvements to real property contribute to property value.
Economic Life means the projected or anticipated useful life of a major facility as expressed by a term of years.

Examples of Economic Life in a sentence

  • State the Remaining Economic Life as a single number or as a range.

  • Without prejudice to any provision of any of this Funding Agreement conferring a remedy for failure to achieve any of the Targets, this obligation shall subsist until the Targets have been achieved or, if earlier, until the end of the Useful Economic Life of the Assets.

  • Replacement Reserve Inventory includes estimates of the Normal Economic Life (NEL) and the Remaining Economic Life (REL) for those components whose replacement is scheduled for funding from Replacement Reserves.

  • Schooling in Capitalist America: Educational Reform and the Contradictions of Economic Life.

  • NEW PLANT EXPANSION MODERNIZATION Start Month/Year / Construction Man Years Completion Date If Modernization: / Peak Construction Jobs Estimated Economic Life of Existing Plant Years Added Economic Life from Modernization Years Current Plant Employment Number of Plant Jobs Retained or Created At start/opening in year 5 years into operation in year Estimated Appraised Value on Site Personal Improvements Land Value January 1 Preceding Abatement Agreement: Est.


More Definitions of Economic Life

Economic Life means the projected or anticipated useful life of a facility.
Economic Life means the number of the years a property improvement is expected to be in service in a facility; provided, however, in no event shall the number of years exceed the depreciation allowance specified in the Federal Internal Revenue Service Code.
Economic Life means the projected or anticipated useful life
Economic Life means the number of years a property is expected to be in service in a facility.
Economic Life means the projected or anticipated
Economic Life means, with respect to an oil and gas property, the time remaining before production of petroleum substances from the property is forecast to be uneconomic;
Economic Life means the number of years a property improvement is expected to be in service in a reinvestment zone.