lease ind as 17
Anmol Singla (808 Points)
13 May 2018
please tell me difference between economic life and useful life definition in lease
1 Replies
Venkat
(Freelancer)
(26 Points)
Replied 18 October 2018
Economic life-Period for which asset is usable with normal repairs and maintainance , for the purpose it was acquired,
Useful Life - Period for which the asset will be in service and used to earn revenue.
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