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Glossary   >   U   >   "Useful Life" Definition            Useful Life The number of years, as set by the IRS, that depreciable business equipment or property is expected to be in use. Glossary    Dictionary Search (powered by Google) WWW ITLOCUS.COM GLOSSARY.ITLOCUS.COM Translate a web page (powered by Google)      to German Spanish French Italian Portuguese Japanese Korean Chinese

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Useful Life - The number of years, as set by the IRS, that depreciable business equipment or property is expected to be in use.