In general, estimates of average service lives and of mortality functions are less well-based than most types of economic statistics published by statistical offices. Therefore, hypotheses about service lives of tangible assets and their distribution ...
In general, estimates of average service lives and of mortality functions are less well-based than most types of economic statistics published by statistical offices. Therefore, hypotheses about service lives of tangible assets and their distribution are most difficult aspects to tackle. In this paper, estimates of service lives based on directly observed data on domestic industrial property and retirement rates are presented.