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Life Span Analysis for Reserve Components

In a Depreciation Report, each reserve component is analyzed in terms of life cycle condition and expected remaining useful life. The life span analysis considers the following factors:

  • Type of Component
  • Utilization
  • Material
  • Workmanship
  • Quality
  • Exposure to Weather Conditions
  • Functional Obsolescence
  • Environmental Factors
  • Regular Maintenance
  • Preventive Maintenance
  • Observed Condition

The critical aspect in a Life Span Analysis is the observed condition of each reserve component, which is based on:

  • Actual age of the component
  • Maintenance of the component
  • Observed deficiencies of the component
  • Repair and replacement experience
  • Probability of hidden conditions

Find Your Strata Corporation Number

If you don't know your strata corporation number, you can use the form below to look it up using your strata address: