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Expected Life

A generic term for the estimated number of years, typically expressed in calendar years, before the cost of repair or replacement of an asset is likely to be incurred. It is a simple measure of the difference between the service life and the consumed life.

For example: "The expected life on the boiler is another five years before it needs to be replaced".
Seasonal maintenance including winterizations and summerization activities
Fig. Seasonal maintenance including winterizations and summerization activities.

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