Friday, October 7, 2011

Economic life

Economic life is the period of actual usefulness of an asset. Economic life refers to the period beyond which it is cheaper to replace or scrap an asset than to continue maintaining it. Economic life should not be confused with the depreciable life of an asset..I personally can not afford to keep them up,But WE The People can ,not only we  can, It's a  must that we do for the good of  all.This is just a simple truth.