Examples of Useful Economic Life in a sentence
Capitalised development costs are amortised over the period the Group expects to benefit from selling the products developed (Useful Economic Life).
During the Useful Economic Life of each Asset the Grant Recipient shall not create any charge, legal mortgage, debenture, or lien over any Asset without the prior written consent of the Secretary of State (except for Security contemplated by the Project Specific Conditions).
During the Useful Economic Life of each Fixed Asset, the Grant Recipient shall not cease to use the Fixed Asset, or any part of the Asset for the Approved Use without the prior written consent of the Authority.
City Attorney Alexy stated that the Federal Government and then the State Government have reduced the municipalities ability to regulate cell communications including 5G cell stations.
Disposal of Assets other than Property Assets In respect of any Disposal, the Grant Recipient must not, during the Useful Economic Life of any Asset, Dispose of any Assets that have been totally or partly bought, restored, conserved (maintained or protected from damage) or improved with the Grant without the prior written consent of the Authority.
Useful Economic Life: the annual depreciation charge for buildings, fixtures, fittings and equipment is sensitive to change in the estimated useful economic lives and residual value of assets.
The Inventory must be maintained in line with the Standard Condition for Retention of Documents.If a Grant Recipient wishes to change the use of any Asset (whether Fixed Asset or Major Asset) during its Useful Economic Life, then the consent of the Department will be needed.
Impairment reviews are carried out if events or circumstances indicate that the carrying value of the components listed below is higher than the recoverable amount.Component Useful Economic Life Kitchens 15 yearsCentral Heating 15 yearsExternal Windows 30 yearsStructure 50 years Depreciation and Impairment of Other Non-Current AssetsNon-Current Assets are stated at cost less accumulated depreciation.
The 2007–13 ERDF funding agreements require the Grant Recipient to warrant that any Fixed Assets and Major Assets funded with ERDF will be used for their ‘Approved Use’ throughout their Useful Economic Life, and include an obligation on the Grant Recipient to secure consent to any change of use, which may be given subject to conditions, including the requirement to repay all or part of the grant.
Without prejudice to any provision of any of this Funding Agreement conferring a remedy for failure to achieve any of the Targets, this obligation shall subsist until the Targets have been achieved or, if earlier, until the end of the Useful Economic Life of the Assets.