Service life definition

Service life means the expected period of viable, technical and economic life of an asset;
Service life. The life in years during which the cylinders may safely be used in accordance with the standard service conditions.
Service life means the period of usefulness of a tangible capital asset (or group of assets) to its current owner. The period may be expressed in units of time or output. The estimated service life of a tangible capital asset (or group of assets) is a current forecast of its service life and is the period over which depreciation cost is to be assigned.

Examples of Service life in a sentence

  • The following is added to Part 1: Product Service Life The product service life is four (4) years from the original date of purchase.

  • Temporary ground anchors are ground anchors with a Design Service Life that is less than the Design Service Life of the Transportation Structure or Building Structure of which the ground anchors are part of.

  • All constituent materials for cast-in-place concrete shall be selected to provide concrete with sufficient durability to meet the Design Service Life requirements of the Structure and sufficient strength to meet structural strength requirements.

  • The following is added to Part 1: ◼ Product Service Life The product service life is four (4) years from the original date of purchase.

  • Prepare and submit a report to the City justifying the selection of materials to be used in all concrete within 300 mm of any Splash Zone Surface, so as to achieve the minimum Design Service Life of the Structure.


More Definitions of Service life

Service life means the period be- tween the date when operating prop- erty is placed in service and the date of its retirement.
Service life means the time be- tween the date electric plant is includ- ible in electric plant in service, or elec- tric plant leased to others, and the date of its retirement. If depreciation is accounted for on a production basis rather than on a time basis, then serv- ice life should be measured in terms of the appropriate unit of production.
Service life means the time between the date utility plant is includible in utility plant in service, or utility plant leased to others, and the date of its retirement. If depreciation is accounted for on a production basis rather than on a time basis, then service life should be measured in terms of the appropriate unit of production.
Service life means the time be- tween the date gas plant is includible in gas plant in service, or gas plant leased to others, and the date of its re- tirement. If depreciation is accounted for on a production basis rather than on a time basis, then service life should be measured in terms of the appro- priate unit of production.
Service life means the period be- tween the date that property is placed in service and the date of its retire- ment.
Service life means the total period during which a municipal infrastructure asset is in use or is available to be used; (“durée de vie”)
Service life means the period of time that a respirator, filter or sorbent, or other respiratory equipment provides adequate protection to the wearer.