physical life

physical life

The potential service life of an asset before it physically becomes unable to produce a good or service. An asset is often physically able to continue operating but at a cost or rate that renders it economically obsolete. The economic life, as opposed to the physical life, is most important in valuing the asset.

physical life

The time period during which a real property improvement can be expected to remain in existence.Contrast with useful life.

References in classic literature ?
"It is the physical life in your veins - too splendid to permit you abstract pleasures.
The attempt to express spiritual ideas through the medium of the secular epic, with its battles and councils and all the forms of physical life, is of course rationally paradoxical.
Doubtless, there is something magnetic or electric in some of these combinations of occult forces which work for physical life in strange way, and in himself were from the first some great qualities.
SHANE WILLIAMS last night revealed just how physical life has become with Wales under Warren Gatland and Shaun Edwards.
Doreen also explains that on the last day of his physical life, her son noticed the number 13 cropping up on numerous occasions and mentions that, since then, that number has cropped up in many places for herself and her daughters.
And though his left arm lies limply by his side, Richard's right one is at the perpetual ready for a fight, with Branagh snapping to physical life just as startlingly as he allows himself to droop -- as if the sheer price of playing the rampaging ruler were worming away at Richard from within.
Exploitation of its oil fields began in the '60s and now about a third of the platforms are older than their physical life cycle of 25-40 years.
Knowledge means knowing the emotions, keeping them in a form that neither sanctifies nor monumentalizes them, but reveals the multiform and unstable profile of their physical life. Roberta Silva has said: "I never repress my childhood memories," but the "text" that she laid out here was very different from a memory that might be entered in a diary.
Max Derbes relies on the breakdown method of estimating physical depreciation to derive a residual estimate of the productive life of long-lived components of property improvements.(3) His analysis supports the then-new concept of depreciating the "bone structure" over its physical life rather than over some shorter term, economic-life estimate.
A Although mourning needs to take place, sometimes for months and years, physical life goes on, including that to do with sexual desire.
Liam's dad is just letting his son know that he is around him and loves him just as much as he did whilst here in his physical life.
They view the ongoing objections as an attempt to overturn that tradition in favor of a position that sets preservation of physical life above every other consideration.

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