Lesson60 seconds
What is Useful Life?
How long you expect to use an asset in the business.
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Simple Definition
Useful life is the period over which an asset is expected to be available for use, or the number of production units expected from the asset.
Explanation level
Tap a persona to hear the same idea in a totally different voice.
Try “Like I'm 5™” for a picture-book version - not the grown-up wording above.
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