USEFUL LIFE title: useful life (FI-AA) (SAP Library - Glossary)
USEFUL LIFE category: Asset Accounting (FI-AA)
USEFUL LIFE explained:
The reasonable length of time expected for using the asset, depending on the individual depreciation area.
Within this time period, the asset should be written off completely. The actual technical life of the asset can exceed this time period.
The useful life expectancy for the various asset types is defined in depreciation tables.
More terms such as useful life in Dictionary U.
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