economic life


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Economic Life

The time period over which an asset's NPV is maximized. Economic life can be less than absolute physical life for reasons of technological obsolescence, physical deterioration, or product life cycle.

Useful Life

The amount of time, as determined by the IRS, that an asset is expected to be used. The useful life is important in determining taxes assessed on the depreciated value of the asset each year. Theoretically, an asset's useful life is equal to its absolute physical life, but, because the useful life is an estimation, this is not always the case.

economic life

The period of time during which a fixed asset competitively produces a good or service of value. The economic life of an asset may be particularly short in a rapidly changing field such as electronics where new developments often render an asset obsolete shortly after it is purchased. Companies sometimes continue to carry assets with expired economic lives on their balance sheets because they do not wish to penalize their earnings by writing off the assets. See also physical life.

economic life

The period of time during which an improvement has value in excess of its salvage value;the useful life span of an improvement.

References in periodicals archive ?
For purposes of this article, a low-investment-grade (LIG) apartment property is defined as a project with one or more of the following characteristics:(2) 1) low-cost, low-quality construction; 2) advanced age (in latter half of economic life); 3) declining or blighted neighborhood; and 4) low-income tenancy.
This programme seeks to boost female employability among young graduates, raise women's participation in economic life from 25.5% in 2015 to 35% in 2020 and set up 50 women's businesses in each governorate, he indicated.
In contrast, they argue that China's model has nothing to do with neoliberalism and that China is constructing capitalism anew with a system in which economic life is relational and situational.
then demonstrates how his biblically-based conception of economic justice is relevant for contemporary economic life. His articulation of commutative justice is noteworthy, but his treatment of distributive justice remains vague and unconvincing.
"We are pleased to be a part of a project that will bring new physical and economic life into the community."
The author counters arguments about the inefficiency of communal agrarian hegemony, by pointing out dynamic economic life in autonomous municipalities by which municipal councils transformed the commons into corporate assets.
Its has extended its tendrils of control and influence into regional and local levels through regional economic bodies that concern themselves with all aspects of an area's economic life. The UN employs five such organs:
It is often overlooked that some 9pc of businesses in the UK are owned by ethnic groups, and they make a major contribution to the social and economic life of the country, particularly within the North-East.
Mark Achbar and Jennifer Abbott take aim at more than one industry in The Corporation, a clever critique of the large multinational companies that have come to shape our modern economic life. The U.S.
Or is the college, its administration, faculty and staff integrated into the social, cultural and economic life of the community?
To David Herlihy's question, why were women excluded from the economic life of the Italian communes, Guzzetti's answer is that they were not, at least in Venice.
Now, for the first time, specialization of production on a worldwide scale was a central element of economic life in all the countries that participated.