Service Life Definition

Below please find a definition of “Service Life”

Financial Analysis Training & Glossary TermsService Life: The period of time during which an asset can be operated or used in a productive manner is termed as the service life of that asset. For example, a piece of machinery can be used productively only for a certain number of years until it won’t be of much value. So the service life of the machinery is good for a few years until it needs replacement. An alternative term for service life is economic life.

Free MP3 Download:  To download our free 35 minute audio interview with expert Richard C. Wilson on how to succeed in the field of finance please click here.

Fast Financial Training: If you want to take your finance or business career to the next level you should explore our financial analysis certification program, or our training programs on financial modeling, investment banking, hedge funds, or private equity. All of these programs are offered on http://BusinessTraining.com

Expand Your Financial Vocabulary: Read more finance terms and definitions

Tags:  Define service life, Meaning of service life, What is service life?, Service life definition, Service life example, Service life meaning, Service life formula, Service life analysis

About Richard Wilson