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Useful life

The span of time over which a property can be used or can provide benefits to its owner.

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useful life
Financial services; Accountancy

Either: (a) the period over which an asset is expected to be available for use by an entity; or (b) the number of production or similar units expected to be obtained from the ...

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The expected period of time during which a depreciating asset will be productive.

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Maximum amount of time which a ship merchant ship is able to be in operation in economic conditions, or that a naval ship can operate efficiently enough.

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useful life
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The span of time over which a property can be used or can provide benefits to its owner.

remaining useful life
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An opinion (based on data, observations, history, records, exposure, etc. ) of the number of years before a fluid, system or component will require replacement or reconditioning.

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