Useful life

 

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Useful Life

(1) In appraisal for sale purposes, the true economic value of a building in terms of years of use to the owner. (2) For tax purposes, the life set for depreciation. At any time during that period, a new life could begin for a new owner.

Useful life

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



Useful life



 
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