Asset Lives (new posts)

Estimated Useful Life of Motor Vehicles: Re: Estimated Useful Life of Motor Vehicles

Thu, 02 Sep 2010 04:35:26 +0000

Hi, Sammy,

I don't think it is common to measure a vehicles useful life in kilometres. I know that many Councils have policies about when a vehicle is traded in that are tied to kilometres, but this isn't necessarily the same as useful life.

At Bundaberg I believe we adopt a range of useful lives for vehicles depending on the make and model and a number of other considerations, including resale value etc.

I also understand that our fleet guys sometimes use the following site when trying to determine useful lives, etc.

http://www.redbook.com.au

Estimated Useful Life of Motor Vehicles: Estimated Useful Life of Motor Vehicles

Wed, 01 Sep 2010 03:33:49 +0000

Hi Everyone

This is my first post!

Does anyone know if there is a standard or benchmark for estimated the expected useful life of a motor vehicle in kilometres.

I need to calculate the remaining life of a second hand vehicle and was hoping to use the odometer reading.

Any ideas?

Estimating the Useful Lives of Long-Lived Assets: Estimating the Useful Lives of Long-Lived Assets

Wed, 11 Aug 2010 05:16:39 +0000

I have been thinking a bit lately about how best to determine a realistic useful life for long-lived assets and I believe that I have come up with a clever methodology for
a) assigning realistic, locally applicable useful lives to assets of a given type
b) estimating a realistic remaining useful life for assets if its condition score is known.

It requires that condition surveys of a reasonable sized sample of assets has been conducted on two occasions.

I have explained the methodology using dummy data here
http://brc-amps.wikidot.com/road-pavement-useful-life

But I would like to try it out on some real data.

If anybody would be willing to provide me with some real data, I would only be to pleased to run the analysis on it too see what I come up with.

Anyone interested?

Gravel Resheets: Re: Gravel Resheets

Thu, 11 Dec 2008 23:32:31 +0000

In response to your gravel resheet question, at WSC;
Gravel resheet is a capital expenditure and is renewal. It is not maintenance (unless it falls below agreed, approved threshold).

WSC uses varying economic life (typical) based on rural or urban unsealed roads.
WSC uses thicker resheeting for urban than rural and consequently different lives.
Rural unsealed surface - 15 years
Urban unsealed surface (thicker surface) - 20 years.

Also note the very good article from Andrew Wilson at Salisbury (Asset Capitalisation Policy)
A very relevant document (that with Andrew's permission should be posted for all to see).
This covers Maintenance vs Capital (Renewal/Upgrade/New) and appropriate thresholds.

A good lesson for us all.
Well done Andrew.

Gravel Resheets: Gravel Resheets

Thu, 11 Dec 2008 05:19:33 +0000

I am interested to learn what a range of Councils consider to be a typical life for a Gravel Resheet?
Also, I am of the opinion the a gravel resheet is a renewal and therefore capital in nature, but I have heard that some Councils consider them to be maintenance, so any comments about that would be appreciated too.