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  • Jul 5, 2008, 02:34 AM
    mikee4675
    Estimated useful life in depreciation
    :confused:
  • Nov 9, 2008, 10:01 AM
    pready

    Estimated useful life refers to the length of time that your equipment will have economic benefit for your company.
  • Nov 18, 2008, 07:22 PM
    lrwilkins

    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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