Estimated useful life definition

Estimated useful life of an item means the estimated time

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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.

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.

Examples of Estimated useful life in a sentence

Colors shall be selected by the interior designer Estimated useful life: 15 years.
Fixed assets are depreciated using the straight-line method over their estimated useful lives as follows: Type of fixed asset Estimated useful life Leasehold improvements remainder of current lease term Computer hardware and software 2 to 3 years Office furniture and equipment 5 to 10 years Intangible assets 5 years Fair value of financial instruments The fair value of financial instruments approximates their carrying value principally due to the short-term nature of such instruments.
Estimated useful life is used to calculate the maximum allowable term of a "tax- oriented lease".
Estimated useful life: assigned initially according to asset type, rather than an individual assessment of each asset (other than in exceptional circumstances).» The complete Fixed Assets Policy document is included here.
Estimated useful life The estimated time from the date of acquisition to the date of replacement or disposal, determined in any reasonable manner.
The key judgments and estimates involved are: · Estimated useful life which is estimated between 20 and 25 years.

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.

Estimated useful life of an item means the

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.

Estimated useful life means the estimated useful life of the Units as set forth under the heading “Estimated Useful Life” in the NtP.

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.

Estimated useful life means, in respect of any depreciable property, the period over which such property might reasonably be expected to be useful