Estimated useful life definition

Estimated useful life of an item means the estimated time
Sample 1Sample 2Sample 3
Estimated useful life of an item means the estimated time from the date of acquisition to the date of replacement or disposal, determined in any reasonable manner.
Sample 1Sample 2Sample 3
Estimated useful life. (“EUL”) – The average amount of time in years that an Eligible Energy Efficiency Measure is estimated to function when installed new and assuming routine maintenance is practiced, as defined in the current version of the Texas TRM.
Sample 1Sample 2Sample 3

Examples of Estimated useful life in a sentence

  • Estimated useful life is the lower of legal duration and expected useful life.

  • Estimated useful life is management’s estimate of how long the asset is expected to meet service demands.

  • Estimated useful life of Investment Property for calculation of Depreciation is taken as stated in para (d) above.

  • Estimated useful life and amortisation method are reviewed at the end of each annual reporting period, with the effect of any changes in the estimate being accounted for on a prospective basis.

  • In other words, cost includes all expenses upto the installation of the assets e.g. freight, carriage, installation charges etc.2. Estimated useful life of an asset: This is represented by the number of years of the estimated serviceable life span of an asset.

  • Amortisation methods and estimated useful lives Assets Estimated useful life (Years)Enterprise resource planning software 5Other software licenses 3 Assets costing less than or equal to Rs. 5,000 are fully amortised pro-rata from date of acquisition.

  • Intangible assets with finite useful lives are amortized on a straight-line basis over their useful lives as follows: Asset Estimated useful life (years) Wholesale distribution network 10 Store leases Up to 9 The amortization methods and estimated useful lives of intangible assets are reviewed annually.

  • Other capital assets are depreciated using the straight-line method over the estimated useful lives of the related assets, which are as follows: Asset Estimated useful life (years) Buildings 10–40 Machinery and mobile equipment 3–10 Computer equipment and software 3 Furniture and equipment 2–10 Leasehold and building improvements Up to 20 Amortization for mine related assets was charged to deferred mineral property costs during the pre-commercial production stage.

  • Estimated useful life of the fixed assets shall be adjusted if it is changed compared to the original estimation.

  • Estimated useful life is management's estimate of how long the asset is expected to meet service demands.


More Definitions of Estimated useful life

Estimated useful life of an item means the esti- mated time from the date of acquisition to the date of replace- ment or disposal, determined in any reasonable manner.
Sample 1Sample 2Sample 3
Estimated useful life of an item means the
Sample 1Sample 2Sample 3
Estimated useful life means the estimated number of years that an asset will be able to be used for the purpose for which it was intended when purchased. Estimated useful life is used to allocate the cost of the asset over the period of time in which the District is expected to receive benefit from the asset. The periodic charge of the benefit is called depreciation expense, and is reported in the District’s financial statements. The following table sets forth the useful life of each category of capital asset that is depreciated.
Sample 1Sample 2
Estimated useful life means the estimate of the period over which a capital asset is expected to be used or the number of units of production that can be obtained from the asset. It is the period over which an asset will be amortized and is normally the shortest of the physical, technological, commercial, or legal life.
Sample 1
Estimated useful life means the period of time a new asset, or an existing asset which has been newly restored or refurbished, will serve its intended function without requiring capital expenditures or major maintenance.
Sample 1
Estimated useful life means, in respect of any depreciable property, the period over which suchproperty might reasonably be expected to be useful
Sample 1

Related to Estimated useful life

  • Gross Floor Area means the total floor area, measured between the outside of exterior walls or between the outside of exterior walls and the centre line of party walls dividing the building from another building, of all floors above the average level of finished ground adjoining the building at its exterior walls;

  • Base Year means the period set forth in Section 5 of the Summary.

  • Operating Costs means the incremental expenses incurred by the Recipient on account of Project implementation, management, and monitoring, including for office space rental, utilities, and supplies, bank charges, communications, vehicle operation, maintenance, and insurance, building and equipment maintenance, advertising expenses, travel and supervision, salaries of contractual and temporary staff, but excluding salaries, fees, honoraria, and bonuses of members of the Recipient’s civil service.

  • Estimate means to be based on technical evaluation of the sources contributing to the discharge including, but not limited to, pump capabilities, water meters, and batch discharge volumes.

  • Operating Expenses is defined to include all expenses necessary or appropriate for the operation of the Fund (or Class, as applicable), including the Advisor’s investment advisory or management fee detailed in the Investment Advisory Agreement and any Rule 12b-1 fees and other expenses described in the Investment Advisory Agreement, but does not include taxes, leverage interest, brokerage commissions, dividend and interest expenses on short sales, acquired fund fees and expenses (as determined in accordance with SEC Form N-1A), expenses incurred in connection with any merger or reorganization, or extraordinary expenses such as litigation expenses.