Domain age yes is calculated in Google's algorithm. I don't know about the domain expiration date. I don't think it counts.
In Raven Tools you get bonus points in quality analysis if domain expiration date is over 1 year so it might have some small impact but I doubt that it is of significant importance.
Age of the domain is an influencing factor for page rank. New domain takes time in indexing and getting quality backlinks. Old domains are more reliable in terms of getting reputation.
Domain age can have an affect on SEO if it has built up trust and authority in the search engines eyes, but the expiration date does not. http://www.seroundtable.com/archives/020725.html
Thanks to all for providing such a useful information but still the expiration date of domain have any impact on page rank or not .this doubt is still unclear.
Domain age matter in seo, old age get profit by search engine. But expiration age is not an issue for seo.