effective age
noun[C]
ukusACCOUNTING,PROPERTY
acalculationof theageof abuildingor otherasset,basedonitsphysicalconditionat aparticulartime,ratherthan on theactualtimesince it wasbuiltor made:
Apropertythat has been wellmaintainedwillgenerallyhave aneffectiveagesomewhatlowerthanitsactualage.