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    mikee4675's Avatar
    mikee4675 Posts: 2, Reputation: 1
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    #1

    Jul 5, 2008, 02:34 AM
    Estimated useful life in depreciation
    :confused:
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
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    #2

    Nov 9, 2008, 10:01 AM

    Estimated useful life refers to the length of time that your equipment will have economic benefit for your company.
    lrwilkins's Avatar
    lrwilkins Posts: 48, Reputation: 2
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    #3

    Nov 18, 2008, 07:22 PM

    Pready is correct. It can also be used to for rental properties. The IRS website had lots of useful charts that show just how long a certain item is supposed to last. Here is a link to it:
    A Brief Overview of Depreciation

    If you are doing work for school or trying to learn how to depreciate for accounting, try Accounting Coach. I use it whenever I have accounting questions.

    Depreciation | AccountingCoach.com

    I hope this information helps.

    LaCresha
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