What is the remaining useful life (RND)?

The remaining useful life refers to the remaining period during which an asset, such as a machine or property, is expected to be used before it is considered economically depreciated or needs to be replaced. In relation to real estate, the remaining useful life is used to estimate how much time is left of the original useful life. This information is particularly relevant for depreciation and valuation purposes in order to take into account the depreciation and economic life of an asset.