Long-Lived Assets: The Bottom Line

/ Owner - February 24, 2023

Long-lived assets or components are those which do not have a predictable remaining useful life, or their replacements are beyond the scope of the reserve study. When conducting a reserve study, one of the first steps your consultant will take is evaluating the inventory of your community’s components and classifying them into groups, with reserve studies focusing most prominently on reserve components. However, long-lived assets are equally as important to keep an eye on.   Read the article………………………..

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