Service Life
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Definition
Service life means the period of usefulness of a tangible asset (or group of assets) to its current owner. The period may be expressed in units of time or output. The estimated service life of a tangible capital asset (or group of assets) is a current forecast of its service life and is the period over which depreciation cost is to be assigned[1].
Regulations
Cost Accounting Standards 409 - Depreciation of Tangible Capital Assets
Related Pages
CAS 409 - Depreciation of Tangible Capital Assets
References
- ↑ 9904.409-30 Definitions (2)
