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LSDefine

Simple English definitions for legal terms

service life

Read a random definition: de licentia transfretandi

A quick definition of service life:

Service life: The amount of time that something can be used before it is no longer useful. This can be different from the amount of time that it can be used for tax purposes.

A more thorough explanation:

Service life refers to the expected period of usefulness of an asset. This can vary depending on the type of asset and how it is used. It is important to note that the service life may not necessarily be the same as the depreciable life for income-tax purposes.

  • A car may have a service life of 10 years, meaning it is expected to be useful for transportation for that period of time.
  • A computer may have a service life of 5 years, after which it may become outdated and less efficient.
  • A building may have a service life of 50 years, after which it may require significant renovations or even demolition.

These examples illustrate how different assets can have varying service lives. It is important for individuals and businesses to consider the service life of an asset when making purchasing decisions and planning for future expenses.

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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