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Estimated Useful Life Financial Glossary

What is it? The period during which an asset is expected to be useful in trade or business. used for purposes of calculating the maximum allowable term of a tax lease. used for determining whether or not the lease is a Capital Lease. used to determine the method of depreciation for a capitalized leased asset. may or may not be the same as the life used for income tax purposes.

Finance Term Definition Added By: Eric

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