Setup Menus in Admin Panel

Sharing the Knowledge!™

Finance Knowledge and Information

What does economic life mean?

SEARCHING
Suggestion/Report Error
economic life
Noun


The period of time over which an asset is expected to be profitably used in its intended role, which is limited by changing factors of obsolescence and physical age.

Synonym(s): 
  • economic useful life (EUL); service life; useful life.
top
© 2015-2024 Pecunica LLC.  All rights reserved.
;