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Life Cycle
The total period of time from acquisition (or placed in service date) of an asset to eventual disposal for the asset. Lifecycles are typically analyzed in terms of their physical and financial attributes:
Our cartoon character ("I. Care") is debating whether we can reach life or extend life of facilities
Fig. Our cartoon character ("I. Care") is debating whether we can only "reach" life or, in some cases, "extend" the service life of assets and facilities.

See also:


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