Economic Life at Life

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Economic Life. Any asset will have the following cost components: When these costs exceed the value of the returns, the asset is beyond its economic life.

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When the effective age is 15 years, the remaining economic life is. As such, a structure that is sound and in good physical condition with many years of physical life. A measure of the period over which certain types of equipment and fixtures are expected to be usable, with normal repairs and maintenance.

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These relationships become useful when we understand that economic life is a specification in the same cost data that we use to calculate current replacement cost. The sociology of economic life. Conventional economic theory seeks to address this issue by adopting a position of methodological individualism. It is a probable life expectancy.