This question is about double declining balance method.

What is an asset s useful life, and how do you calculate it?

By Zippia Team - Dec. 7, 2022

An asset's useful life does not necessarily predict how long the asset will last, but rather it is an estimate of how long that asset will be able to provide value and income. Generally speaking, the IRS has guides on the useful life of different assets.

What is an asset s useful life, and how do you calculate it?

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