Useful Life is the number of years depreciable business property is expected to be productive and in use. For depreciation purposes, the IRS has predetermined useful lives for most types of business properties.
Barry Goldsmith
| APA | Barry Goldsmith. (2010). useful life. Retrieved September 24, 2026, from http://smartdefine.org/useful_life/definitions/1166072 |
| Chicago | Barry Goldsmith. 2010. "useful life" http://smartdefine.org/useful_life/definitions/1166072 (accessed September 24, 2026). |
| Harvard | Barry Goldsmith 2010, useful life, Smart Define, viewed 24 September, 2026, <http://smartdefine.org/useful_life/definitions/1166072>. |
| MLA | Barry Goldsmith. "useful life" 21 October 2010. Web. 24 September 2026. <http://smartdefine.org/useful_life/definitions/1166072> |