useful economic life
31Far Eastern Economic Review — The Far Eastern Economic Review (zh t|1=遠東經濟評論, Pinyin: Yuǎndōng Jīngjì Pínglùn; also referred to as FEER) is an English language Asian news magazine. The Hong Kong based business magazine was originally published weekly on every Thursday. Due to …
32Meaning of life — This article is about the philosophical concept. For other uses, see Meaning of life (disambiguation). Where Do We Come From? What Are We? Where Are We Going? One of Post Impressionist Paul Gauguin s most famous paintings. The meaning of life… …
33quality of life — The idea of (improving) quality of life is central to many community programmes, to public policy, to development initiatives, and to much social legislation. However the concept itself is controversial. The most commonly used indicators are… …
34Design life — The design life of a component or product is the period of time during which the item is expected by its designers to work within its specified parameters; in other words, the life expectancy of the item. It is the length of time between… …
35depreciation — de·pre·ci·a·tion /di ˌprē shē ā shən/ n 1: any decrease in the value of property (as machinery) for the purpose of taxation that cannot be offset by current repairs and is carried on company books as a yearly charge amortizing the original cost… …
36residual value — 1. The value of an asset at the end of its *useful economic life. Residual values tend to be based on resale or *scrap values, less any disposal or selling costs. The costs of assets subjected to *amortization normally exclude residual values. 2 …
37sum of the digits — A method of *allocating costs to time periods based on the formula n (n + 1) / 2, where n represents the number of years to which the cost is to be allocated. In *amortization methodologies, the sum of the digits approach results in an… …
38Leasehold Improvement — Alterations made to rental premises in order to customize it for the specific needs of a tenant. Leasehold improvements include painting, installing partitions, changing the flooring, putting in customized light fixtures and so on. Leasehold… …
39depreciation — 1) The measure of the cost or revalued amount (see revaluation) of the economic benefits of a tangible fixed asset that have been consumed during an accounting period. This includes the wearing out, using up, or other reduction in the useful… …
40accelerated method — A cost allocation method that provides for larger amounts in earlier time periods. The rationale for using an accelerated method is that the economic activity of the underlying assets or circumstances occurs most intensively in the earliest time… …
