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Useful Life - Law Dictionary Search Results

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useful life

Matched in: Term useful life

Lived

Having life used only in composition as long lived short lived

Mae West

An inflatable life jacket originally used as a personal flotation device by aviators downed at sea

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depreciation

current repairs and is carried on company books as a yearly charge amortizing the original cost over the useful life of the property accelerated depreciation : the depreciation of property that was put into use prior to 1980

Food

used as food would be foodstuff. Therefore, foodstuff is that which is taken into the system to maintain life and growth and to supply waste of tissue. If the raw foodstuff with a view to making it

Dower

special tail, which she holds from and after his decease, in severalty by metes and bounds, for her life, whether she have issue by her husband or not, and of what age soever she may be at

life insurance

Matched in: Term life insurance

salvage value

the actual or estimated value realized on the sale of a fixed asset at the end of its useful life NOTE: Salvage value is used in calculating depreciation.

lease

lease : a lease of property and esp. equipment for a term which is shorter than the property's useful life and in which the lessor is responsible for certain expenses (as taxes) per·pet·u·al lease [pər-pe-ch-wəl-] : a lease

capital improvements

capital improvements property improvements that either will enhance the property value or will increase the useful life of the property. Source: U.S. Department of Housing and Urban Development

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