its useful life vs it's useful life

The correct phrase is "its useful life." The possessive pronoun "its" indicates that the useful life belongs to something, while "it's" is a contraction of "it is" or "it has."

Last updated: March 21, 2024 • 864 views

This phrase is correct and commonly used in English.

"its useful life"

This phrase is used to indicate the duration or period of usefulness of something, showing that the useful life belongs to that specific thing.

Show examples from the web [+]

This is an important concept in accounting, since a fixed asset is depreciated over its useful life. Thus, altering the useful life has a direct impact on the amount of ...
Apr 6, 2016 ... ... may find it helpful to consider an assets current condition, the quality of the asset, or how the asset will be used when estimating its useful life.
Mar 17, 2016 ... @shakatron BART was built to transport far fewer people, and much of our system has reached the end of its useful life. This is our reality.
Let's assume that during Year6 – after five (5) years of using and depreciating the machinery – the company changes its useful life estimate: it assumes that the ...

This phrase is incorrect in English.

"it's useful life"

Show examples from the web [+]

I wanted to purchase the 80 year old home, but it was too far past it's useful life to spend that kind of money. ” Was this Helpful? YES NO 7 people found this ...
When a company starts to lose new work due to costs -- then that injection molding machine is past it's useful life. In today's high tech world, I would argue that ...
... can no longer run the most recent software and be considered “up to date,” so you could say that the owner of this 3400c definitely had it for it's useful life.
... of an asset from the original purchase price and then dividing it by the total number of years it is expected to be a useful asset for the company – it's 'useful life'.

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its useful life vs it's useful life

"its useful life"

"it's useful life"

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