Maintenance Expenditure
Maintenance Expenditure is any expenditure on the maintenance of an asset. It is a type of Recurrent Expenditure
Maintenance Expenditure vs Condition
For many types of assets, it seems logical to assume that as the overall condition of a typical asset deteriorates over time the amount of maintenance required to keep it in a serviceable state will increase.
Understanding the exact nature of this relationship is a key part of lifecycle costing.
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