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useful life
noun
: the amount of time during which something is in good enough condition to be used
the useful life of a satellite
Examples of useful life in a Sentence
Recent Examples on the Web
At the same time, the co-op's nearly 50-year-old well and pipe system was nearing the end of its useful life.
—Austin Corona, The Arizona Republic, 25 Nov. 2024
Also, at the beginning of 2024, Amazon extended the useful life of its servers from five years to six, a change that boosted the operating margin by 200 basis points, or 2 percentage points.
—Jordan Novet, CNBC, 2 Nov. 2024
As the plant nears its 60th year, essential equipment is reaching the end of its useful life.
—Nai Hsueh, The Mercury News, 11 Aug. 2024
The model suggests a $286K loss per vehicle over its useful life.
—Gustavo Castillo, Forbes, 9 Oct. 2024
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“Useful life.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/useful%20life. Accessed 21 Dec. 2024.
Legal Definition
useful life
noun
use·ful life
: an estimated amount of time during which an asset or facility will yield income or be useful see also depreciation sense 1
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