Estimated useful life of an item means the estimated time
Estimated useful life of an item means the estimated time from the date of acquisition to the date of replacement or disposal, determined in any reasonable manner.
Estimated useful life. (“EUL”) – The average amount of time in years that an Eligible Energy Efficiency Measure is estimated to function when installed new and assuming routine maintenance is practiced, as defined in the current version of the Texas TRM.
Examples of Estimated useful life in a sentence
Estimated useful life figures are as follows: Depreciation rate (%) Other facilities 10%Furniture10%Data processing equipment25% The useful life of all fixed assets is reviewed and, where applicable, adjusted on the date of each balance sheet.When the carrying amount of a fixed asset is higher than its estimated recoverable value, its carrying amount is immediately reduced to its recoverable value (Note 3.3).
More Definitions of Estimated useful life
Estimated useful life of an item means the esti- mated time from the date of acquisition to the date of replace- ment or disposal, determined in any reasonable manner.
Estimated useful life of an item means the
Estimated useful life means the estimated number of years that an asset will be able to be used for the purpose for which it was intended when purchased. Estimated useful life is used to allocate the cost of the asset over the period of time in which the District is expected to receive benefit from the asset. The periodic charge of the benefit is called depreciation expense, and is reported in the District’s financial statements. The following table sets forth the useful life of each category of capital asset that is depreciated.
Estimated useful life means the period of time a new asset, or an existing asset which has been newly restored or refurbished, will serve its intended function without requiring capital expenditures or major maintenance.
Estimated useful life means, in respect of any depreciable property, the period over which suchproperty might reasonably be expected to be useful
Estimated useful life means the estimate of the period over which a capital asset is expected to be used or the number of units of production that can be obtained from the asset. It is the period over which an asset will be amortized and is normally the shortest of the physical, technological, commercial, or legal life.
Estimated useful life means that period of years from the time of award, determined by EDA as the expected life-span of theproject.