useful life of assets

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• estimated useful life — The period over which an asset will be used by a particular taxpayer. Although such period cannot be longer than the estimated physical life of an asset, it could be shorter if the taxpayer does not intend to keep the asset until it wears out.… …   Black's law dictionary

• estimated useful life — The period over which an asset will be used by a particular taxpayer. Although such period cannot be longer than the estimated physical life of an asset, it could be shorter if the taxpayer does not intend to keep the asset until it wears out.… …   Black's law dictionary

• Aged Assets — Equipment that has outlived its useful life. Aged assets might include equipment that is still functional, but is expensive to operate and maintain; equipment that still works, but breaks down frequently, disrupting operations; or equipment that… …   Investment dictionary

• useful economic life — The period of time over which an asset can provide economic benefits to its owner. The costs of *long term assets are *amortized over their useful lives. See also *wasting asset …   Auditor's dictionary

• Revaluation of fixed assets — In finance, a revaluation of fixed assets is a technique that may be required to accurately describe the true value of the capital goods a business owns.Fixed assets are held by an enterprise for the purpose of producing goods or rendering… …   Wikipedia

• Fixed Assets Register — A Fixed Asset Register (FAR) is an accounting method used for major resources of a business.Fixed Assets are assets such as land, machines, office equipments, buildings, patents, trademarks, copyrights, etc. held for the purpose of production of… …   Wikipedia

• economic life — The time period over which an asset s NPV is maximized. Economic life can be less than absolute physical life for reasons of technological obsolescence, physical deterioration, or product life cycle. Bloomberg Financial Dictionary * * * economic… …   Financial and business terms

• Economic Life — The expected period of time during which an asset is useful to the average owner. The economic life of an asset could be different than the actual physical life of the asset. Estimating the economic life of an asset is important for businesses so …   Investment dictionary

• fixed-assets register — assets register; = plant register A listing of the fixed assets of a company. It records a description of the asset, its location, cost, revaluation, estimated net value, estimated useful economic life, depreciation method, accumulated provision… …   Accounting dictionary

• Second Life Grid — Infobox VG title = Second Life Grid caption = The Second Life Grid logo developer = Linden Research, Inc publisher = Linden Research, Inc designer = Linden Research, IncThe [http://www.secondlifegrid.net Second Life Grid] is the platform and… …   Wikipedia

• Intangible asset — Intangible assets are defined as identifiable non monetary assets that cannot be seen, touched or physically measured, which are created through time and/or effort and that are identifiable as a separate asset. There are two primary forms of… …   Wikipedia