Determining the effective life of an asset

Ways to work out the effective life of a depreciating asset.

Published 12 June 2024

There are 2 ways to determine the effective life of an asset:

using our determinations of the effective life
self-assessing the effective life.

Using our determinations

How to use our effective life determinations or applying for a review.

Self-assessing the effective life

When you can self-assess the effective life.

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