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Level-2 Study

With respect to reserve studies (depreciation reports), a Level 2 study is an update study that is done without site visit. It is therefore also known as a form of desktop study.

The study at this level is focused primarily on a review of the financial analysis (assumptions) in the initial study.

Level 2 update studies are typically conducted once a year, generally as part of the budget cycle preparations for the next fiscal year.

Fig. Study update cycles

See also:
Fig. Data managed from a desktop rather than in the field