Useful life in economics and finance

262 views Feb 17, 2024

Hello everyone! Today, we delve into the fascinating world of economics and finance. One concept that plays a significant role in these fields is 'useful life.' Imagine you purchase a machine for your business. How long do you think it will remain productive? That's where useful life comes in. It refers to the period during which an asset, like the machine, can be used efficiently and generate value.

#Asset & Portfolio Management
#Business Services
#Economics
#Financial Planning & Management
#Inheritance & Estate Planning
#Physical Asset Management