Iowa Curves

Definition

A standardised set of actuarial survivor curves developed at Iowa State University that describe the retirement patterns of industrial property. Iowa curves are classified by shape (L, S, R, O types) and average service life, providing a systematic framework for modelling asset mortality. In intangible asset valuation, Iowa curves are adapted to model customer attrition patterns and estimate the weighted average remaining useful life of customer relationship intangibles.

Related Terms

IAS 36 (Impairment of Assets) IAS 38 (Intangible Assets) Identified Intangible Asset IFRS 13 (Fair Value Measurement) IFRS 16 (Leases)

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