Absolute Physical Life

Absolute Physical Life

The period of use after which an asset has deteriorated to such an extent that it can no longer be used.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Absolute Physical Life

The period of time in which an asset can be used. Many assets, particularly those that become technologically obsolete, depreciate over time and eventually can no longer be used. The absolute physical life is often calculated to determine the risk involved in the purchase of assets.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved