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What is the Estimated Useful Life of fitness equipment?

10 years typically


A change in the estimated useful life of equipment requires?

that the amount of periodic depreciation be changed in the current year and in future years.


What is the typical useful life of computer equipment?

The typical useful life of computer equipment is around 3 to 5 years, although this can vary depending on the specific type of equipment and how it is used.


What is the useful life of computer equipment?

The useful life of computer equipment typically ranges from 3 to 5 years, depending on factors such as technological advancements, maintenance, and usage.


What is the Estimated Useful Life of a stove?

About 10-13 years possibly 15.


What is scrap value?

The estimated value at which an asset is expected to be sold after the end of its useful life.


Is Depreciation of lease to own equipment calculated based on useful life or lease terms?

no


What is the value of a power plant at the end of useful life is known as?

The value of a power plant at the end of its useful life is known as its salvage value. Salvage value is the estimated resale value of the plant's components and materials once it is no longer operational.


What must be known In order to calculate the third years depreciation on an asset using the sum of the years digits method?

Original cost, estimated salvage value, and estimated useful life.


Can you depreciate used equipment for tax purposes?

Yes, you can depreciate used equipment for tax purposes by deducting a portion of its value each year over its useful life.


How a company can manipulate its net income by estimating the longer estimated useful life and salvage value of the fixed?

"http://wiki.answers.com/Q/How_a_company_can_manipulate_its_net_income_by_estimating_the_longer_estimated_useful_life_and_salvage_value_of_the_fixed"


What is a fixed asset equipment depreciation schedule?

It is the schadule to show how fixed assets will depreciate in their useful life and show all information according to useful life the depreciation expense charge to income statement and to dispose off them in the end.