Asset life

/Asset life

Asset life

Asset life: Estimates the length of time an asset is expected to be useful

  • Typically asset life will be in years
  • Under units-of-production depreciation method, useful life is estimated by machine output or hours

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By |2018-01-22T10:24:10+00:00August 13th, 2015|0 Comments

About the Author:

John Gillingham is a CPA and Accounting App Developer in San Francisco, California. Check the iOS App Store for Accounting Flashcards and the Debits & Credits Game. On Android: Learn Accounting Flashcards. Also on Kindle and iBooks.

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