useful life
This is the period of time that it will be economically feasible to use an asset. Useful life is used in computing depreciation on an asset, instead of using the physical life.
Useful life
The estimated life span of a fixed asset, during which it can be expected to
contribute to company operations.
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estimated useful life
period of time over which an asset will be used by a taxpayer. In theory, depreciable assets are written off over the estimated useful life of the asset for depreciation purposes.
Useful life
Definition: The period of time over which a company expects to get productive use out of a piece of equipment it has purchased.
Useful life
The expected period of time during which a depreciating asset will be productive.
US Treasury bill
US government debt with a maturity of less than a year.
Useful Life - The number of years, as set by the IRS, that depreciable business equipment or property is expected to be in use.
Useful Life: The life that an asset is expected to be useful to the company. This estimated period may also serve as the basis for depreciation on the balance sheet.
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USEFUL LIFE - An estimate of the total time that an asset is usable and in service.
Useful Life
The number of years in which business property that will depreciate in value is expected to be productive and in use for the business.
Useful life - Refers to the expected length of time, normally given in years, during which a depreciating asset will continue to be productive.
it has a useful life beyond the taxable year (essentially why it was capitalized in the first place), and
it wears out, decays, declines in value due to natural causes, or is subject to exhaustion or obsolescence.
and their 'useful life.'
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Definitions of ’life office’ and meaning of ’life office’ are from the book publication, QFINANCE - The Ultimate Resource, © 2009 Bloomsbury Information Ltd.
Service life: The useful life of an asset to an enterprise, usually relating to the anticipated period of productive use of the item.
Salvage value: Also called residual value.
Since fishing nets' useful life extends beyond the tax year they are placed in service, fishing nets are capital assets and require depreciation treatment.
Amount allocated during the period to amortize the cost of acquiring long-term assets over the useful life of the assets. Depreciation tax shield The value of the tax write-off on depreciation of plant and equipment.
Depreciation The allocation of the cost of an asset to the profit and lost account by allocating part of the cost to each year of its estimated useful life.... Depression A depression is a severe sustained recession.
Capital expense: An expense for the purchase of a fixed asset; an asset with a useful life of over one year. Generally, must be depreciated rather than deducted as a business expense.
Capital stock: See authorized stock.
Depreciation should be allocated to accounting period so as charge a fair proportion to each accounting period during the expected useful life of the asset.
AMORTIZATION -- Process of writing off the cost of an intangible asset over its useful life.
not all, of its useful life. Under an operating lease, a lessee acquires use of an asset for a fraction of its useful life. Sometimes the lessee has the option to purchase the asset at residual value upon termination of the lease term.
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Asset depreciation range refers to a system used to determine the useful life of different classes of assets.
It's sometimes difficult to distinguish between a repair, which is deductible (fully or partially) in the year it was done, and an improvement, which must be depreciated over the course of property's useful life.
Depreciation is the process by which a company allocates an asset's cost over the duration of its useful life.
If the useful life of the book is estimated realistically to be 24 months, then 1/24th will be charged each month from publication for 24 months. This method does not take account of the "rate of sale" in each month.
The allocation of a portion of the value of an asset to a specific accounting period continuously throughout the estimated useful life of the asset.
The estimated Value that an Asset will have at the end of its Useful Life.
Example: An appraiser estimates the useful life of a building at 40 years; she also estimates that the building's salvage value would be $10,000 in 40 years.
The cost of a capital improvement made to extend the useful life of a property or to add to its value. It may be investments in land, buildings, machinery, or equipment.
Capital Improvement ...
For example, if a computer is expected to have a useful life of 5 years and cost $6,000 with no salvage value, then the annual, straight-line depreciation would be $1,200 per year.
Financial Lease A lease with no cancellation clause and no provision for maintenance; here, the lease covers the useful life of an ASSET and its cost is fully AMORTIZED.
Definition: Fixed asset that has limited useful life. A wasting asset is subject to depreciation. Definition: [crh] An asset that has a limited life and thus decreases in value (depreciates) over time.
Spending on items with a useful life of more than one year. The price of these items affects the "investing" section of the cash flow statement in the year purchased, and then gets expensed over many years on the income statement via depreciation.
The purchase of or outlay for an asset with a life of more than a year, or one that increases the capacity or efficiency of an asset or extends it's useful life.
Is the amount remaining after a depreciated useful life. It refers to the residual or recoverable value of a depreciated asset. It should be noted that the gross salvage value may be adjusted by a removal or disposal cost.
Straight line depreciation - the original cost of the asset is written off in equal amounts over the estimated useful life.
Example: machinery with an estimated useful life of 5 years, original cost $50,000.
Systematic charges made against earnings to write-off the cost of an asset over its estimated useful life because of wear and tear through use, action of the elements, or obsolescence.
The numerator of the fraction changes each year to a number that corresponds to the remaining useful life of the property.
Fixed Assets
Assets with a useful life in excess of one year and an initial cost equal to or exceeding $7,500. Classifications include land, buildings, machinery, furniture, equipment and construction in progress. Synonymous with Capital Outlay.
The estimated value that an asset will realize upon its sale at the end of its useful life. The value is used in accounting to determine depreciation amounts and in the tax system to determine deductions.
Allocation and charge to expenses of the cost of intangible assets over their useful life.
When a business uses strategic fixed assets (for example a machine used to make products), the asset has an expected useful life (even if well maintained), depending upon it's capabilities, technology, and the amount it is put to use, ...
Depreciation - If property acquired to use in a business has a useful life longer than one tax year, part of it must be deducted in each year, for example, office equipment, buildings, machinery, and equipment.
depreciation Allocating the cost of a plant asset over an asset's useful life.
direct deposit The depositing of an employee's net pay directly into her or his personal bank account; usually made through electronic funds transfer.
Accounting method used to record in an asset account the value of an item with a useful life of more than one year. The value of the item is then depreciated or amortized over a number of years according to a pre-defined schedule.
The allowance for depreciation is the accumulation of amounts charged to expense to write off the cost of a fixed asset over its estimated useful life.
Review and adjust depreciation expense consistent with the expected useful life of the underlying assets.
Adjust the business rent to a fair market rate. If the business owns its real estate premises, include a fair market rent as a business expense.
Charges made against earnings to write off the cost of a fixed asset over its estimated useful life. Deprecation does not represent a cash outlay.
It is a bookkeeping entry representing the decline in value of an asset that is wearing out.
ACCOUNTING method that reflects an equal amount of wear and tear during each period of an ASSET'S useful life. For instance, the annual STRAIGHT-LINE DEPRECIATION of a $2,500 asset expected to last five years is $500.
The entry is a charge against earnings to write off the cost of an asset over its assessed useful life over a set time period. It reduces taxable income but does not reduce cash.
Normally, charges against earnings to write off the cost, less salvage value, of an asset over its estimated useful life. It is a bookkeeping entry and does not represent any cash outlay nor are any funds earmarked for the purpose.top
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DEPPRECIATION " Normally, charges against earnings to write off the cost of an asset over its estimated useful life. It is a bookkeeping entry and does not represent any cash outlay nor are any funds earmarked for the purpose.
You can amortize, or write off, the cost of such an asset over its estimated useful life, thereby reducing your taxable income without reducing the cash you have on hand.
Depression ...
Land improvements are assets that increase the usefulness of land but that have a limited useful life and are subject to amortization.
Large corporations tax (Part I.3 tax) ...
A method of depreciation in which the depreciable cost of an asset is divided by the asset's useful life to determine the annual depreciation expense. Other forms of depreciation include sum of the years digits and double declining balance.
Capital Expenditure - The cost of an improvement made to extend the useful life of a property or to add to its value.
Capital Improvements: property improvements that either will enhance the property value or will increase the useful life of the property.
Capital or Cash Reserves: an individual's savings, investments, or assets.
See also: ACRS, Adjusted Cost Base, Declining Balance Method, Depreciation, Unadjusted Basis, Useful Life
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5. Allocation of the cost of an asset over its estimated useful life.
Antidumping Duties ...
Expenditure which has been recorded in the business' asset accounts and then depreciated or amortized, as appropriate, for items with a useful life of more than one year.
Français: Capitalisé
Español: Capitalized
Capitalized value: ...
An asset with a limited expected useful life with a decreasing value over time....(Read more)
Weak Market
A stock market where volume is low and the spread is high....(Read more)
Weather Derivatives ...
Usually, the cost of an asset, less an appropriate salvage value, is "written off" over its useful life by periodically reducing the book value of the asset with an increase to accumulated depreciation and charging an equal and offsetting amount as ...
 See also: Expense, Banks, Values, Saving, Life insurance policy
  
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