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Short-Life Asset

An asset whose typical service life is less than 16 years.


Attributes
Short life assets may have the following physical and financial attributes:


Examples
Listed below are some common examples of short-life assets for each of the eight primary systems: 

       Enclosure System
  • Some forms of exterior sealant (10-15 years).
  • Coatings on exterior wood cladding and trim (5-10 years)
  • Fabric canopies
  • High traffic doors
  • Balcony membranes
  • Parkade traffic membranes
      Mechanical System
  • Domestic water recirculating pumps (3-8 years)
  • Overhead gate motors (2-5 years)
  • Sump pumps (10-15 years)
  • Domestic water heaters (5-10 years)
  • Carpet flooring, particularly in high traffic locations (15 years)
  • Parkade traffic membranes (10-15 years)
  • Direct digital controls (10-15 years)
      Electrical System
  • Ballasts and lamps
       Fire Safety System
  • Fire extinguishers (12 years)
  • Smoke alarms (10 years)
       Finishes System
  • Interior paintwork, particularly in high traffic locations (5-10 years).
       Amenities System
  • Fitness equipment
       Sitework system
  • Painting of wood fences (5-10 years)
  • Traffic markings

Generally, the structural system contains no short life assets, followed by the electrical system and the sitework system contain durable assets.

 
Management Principles
Included below are some of the asset management principles associated with short-life assets:
A short life asset (1-16 years) may be replaced 2-5 times over a 30 year planning horizon. For example, a recirculating pump with a five year service life will be replaced six times over the typical period covered by a depreciation report (reserve study).
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Fig. Water heaters (left) and recirculating pumps (right) are typically short life assets that may be replaced on 3-6 year intervals, depending on the quality of the asset.


Conceptual representation of short-life assets, medium-life assets and long-life assets relative to their respective points of functional failure.
Fig. Conceptual representation of short-life assets, medium-life assets and long-life assets relative to their respective points of functional failure ("F").


Examples of some types of projects that are considered normal during each of the lifecycle stages.
Fig. Examples of some types of projects that are considered normal during each of the life cycle stages of a building.



Samples of some short life assets within the building enclosure system
Fig. Samples of some short life assets within the building enclosure system.


Distribution of short-life assets within each of the eight primary physical systems
Fig. Distribution of short-life assets within each of the eight primary physical systems.

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