1.   Any asset with an expected useful life of more than one year is normally considered a capital asset.

2.   Depreciation accounting is simply a technique used to allocate the cost of a capital asset over its expected useful life.

3.   Depreciation is calculated to write off the cost or valuation of tangible assets other than freehold land over their estimated useful lives.

4.   Depreciation is to be based on the shorter of the lease term and useful economic life.

5.   Finally the salvage value of the new equipment at the end of its expected useful life is reflected.

6.   Some of these power stations are reaching the end of their useful life.

7.   The instance cited was where debt charges continue to be included in revenue accounts for financing assets whose useful life is over.

8.   The spacecraft is nearing the end of its useful life.