Service Life in Plant Design and Economics Formulas

Service Life refers to the estimated period during which the asset is expected to provide economic benefits and be used for its intended purpose. And is denoted by n.

Plant Design and Economics formulas that make use of Service Life

fxAnnual Depreciation by Straight-Line MethodGo

fxFixed Percentage Factor using Matheson FormulaGo

fxDepreciation by Sum of Year Digit MethodGo

fxAsset Value after 'a' YearsGo

fxReplacement Value by Sinking Fund MethodGo

FAQ

What is the Service Life?

Service Life refers to the estimated period during which the asset is expected to provide economic benefits and be used for its intended purpose.

Can the Service Life be negative?

{YesorNo}, the Service Life, measured in {OutputVariableMeasurementName} {CanorCannot} be negative.

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