Part 12 Flashcards
(8 cards)
1
Q
Remaining Useful life
A
The estimated period during which improvements will continue to provide utility
2
Q
Short-lived items
A
roof cover, carpeting…
3
Q
Useful life
A
period of time over which a structure or component of a property may reasonably be expected to perform the function it was designed
4
Q
Age life method
A
produces an estimate of total depreciation
5
Q
Effective age t- bar
A
Effective Age | Percent of depreciation / Economic life
6
Q
$ amount of depreciation T Bar
A
$ amount of depreciation | Percent of depreciation / cost
7
Q
Depreciated Cost (value)
A
Cost - $ amount of depreciation
8
Q
Economic life
A
Effective age + remaining economic life
