Difference between revisions of "Class life"
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Latest revision as of 04:23, 2 November 2019
Class life is the specified life of assets under the MACRS system.
Definitions
According to Fundamentals of Financial Management by Eugene F. Brigham and Joel F. Houston (15th edition),
- Class life. The specified life of assets under the MACRS system.
Related concepts
- Financial management. A combination of enterprise efforts undertaken in order to procure and utilize monetary resources of the enterprise.
