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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
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
This vision of circularity must start with how a car is manufactured, not just how it is dismantled at the end of its useful life.
—James Morris, Fortune Europe, 7 Oct. 2024
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“Useful life.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/useful%20life. Accessed 3 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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