Examples of Expected Useful Life in a sentence
Expected useful life, residual value and depreciation method are reviewed each year for the possible effects of changes in estimates, and they are recognized prospectively if there are any changes in estimates.
Expected useful life, residual value and amortization method are evaluated every year for the probable effects of changes arising in the expectations and are accounted for prospectively (Note 18).
Expected useful life and residual value of property, plant and equipment The expected useful life and residual value of an asset are reviewed at least at each financial year end.
Expected useful life is determined on the basis of historical data, as well as the standard useful economic lifetimes in the industry.
Expected useful life is the period of use by the enterprise, not the asset’s economic life, which could be appreciably longer.