Depreciable Life definition
Depreciable Life means, with respect to a capital item, the shorter of (a) the reasonably expected depreciable life (in months) of such capital item and (b) the number of months between the anticipated in-service date of such capital item and December 31, 2040 (or such earlier anticipated date of the permanent cessation of operations of the Units filed with the WVPSC).
Depreciable Life means the period (which is not in violation of any Legal Requirements) which is the greater of (i) the period over which said Shared Capital Improvement was or will actually be depreciated on Building Owner's annual tax returns or (ii) the period over which said Shared Capital Improvement was or will actually be depreciated on Building Owner's financial books.
Depreciable Life. The Lessor has assumed a depreciable life of five (5) years in computing the rents listed above.