Useful Life in Construction Management Formulas

Useful Life is termed as an accounting estimate of the number of years it is likely to remain in service for the purpose of cost-effective revenue generation. And is denoted by n. Useful Life is usually measured using the Year for Time. Note that the value of Useful Life is always positive.

Construction Management formulas that make use of Useful Life

fxAverage Investment when Salvage value is 0Go

fxCapital Cost when Salvage Value is 0Go

fxAverage Investment if Salvage Value is not 0Go

fxDepreciation Cost when Straight Line Method is AssumedGo

FAQ

What is the Useful Life?

Useful Life is termed as an accounting estimate of the number of years it is likely to remain in service for the purpose of cost-effective revenue generation. Useful Life is usually measured using the Year for Time. Note that the value of Useful Life is always positive.

Can the Useful Life be negative?

No, the Useful Life, measured in Time cannot be negative.

What unit is used to measure Useful Life?

Useful Life is usually measured using the Year[Year] for Time. Second[Year], Millisecond[Year], Microsecond[Year] are the few other units in which Useful Life can be measured.

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