Definition: The period of time a property may be expected to be profitable or productive; useful life.
Pronunciation: \ˌe-kə-ˈnä-mik\
Used in a Sentence: Based on an analysis, the economic life of the building was determined to be 20 years.
Definition: The period of time a property may be expected to be profitable or productive; useful life.
Pronunciation: \ˌe-kə-ˈnä-mik\
Used in a Sentence: Based on an analysis, the economic life of the building was determined to be 20 years.