Life Cycle Audit
A type of renewals plan that also contemplates the time value of money and defines the replacement reserve for the assets in a facility.		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: Reserve Study Capital Needs Assessment (CNA) Replacement Policy Compare with: Facility Condition Assessment (FCA)

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