useful life

Definition

The length of time that a depreciable asset is expected to be useable.

Use useful life in a sentence

When the stapler finally fell apart while I was stapling a paper I knew that it had outlived its useful life.

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You need to make sure that you have a good plan for the useful life of your product and market it effectively.

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I wanted to purchase the 80 year old home, but it was too far past it's useful life to spend that kind of money.

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