Usually means: Duration asset effectively provides value.
Definitions Related words Mentions
We found 17 dictionaries that define the word useful life:

General (4 matching dictionaries)
  1. useful life: Longman Dictionary of Contemporary English
  2. useful life: Merriam-Webster
  3. useful life: Dictionary.com
  4. useful life: Wiktionary

Business (12 matching dictionaries)
  1. useful life: Merriam-Webster Legal Dictionary
  2. MoneyGlossary.com (No longer online)
  3. Everybody's Legal Dictionary (No longer online)
  4. INVESTORWORDS (No longer online)
  5. USEFUL LIFE: Accounting Glossary
  6. Glossary of Legal Terms (No longer online)
  7. Construction Term Glossary (No longer online)
  8. MSN Money (No longer online)
  9. Useful Life: Investopedia
  10. useful life: Financial dictionary
  11. Accounting, Business Studies and Economics Dictionary (No longer online)
  12. BusinessDictionary.com (No longer online)

Tech (1 matching dictionary)
  1. PhotoNotes Dictionary of Film and Digital Photography (No longer online)

Definitions from Wiktionary (useful life)

noun:  (accounting) The time during which something is productive; economic life.

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