Useful Life of Assets: A Comprehensive Guide to Asset Management by UpKeep скачать в хорошем качестве

Useful Life of Assets: A Comprehensive Guide to Asset Management by UpKeep

Join Ryan Chan, CEO and Founder of UpKeep, as we dive deep into the world of asset management and lifecycle. In this video, we define the 'useful life' of an asset and differentiate it from an asset's actual lifespan. The topics we cover include: Definition of 'useful life' in asset management The difference between 'useful life' and 'actual lifespan' The impact of an asset's 'useful life' on financial and maintenance planning - Ways to estimate an asset's 'useful life' including IRS guidelines, manufacturer specifications, past history, and annual adjustments An example of 'useful life' calculation and its resulting effects on business operation and taxation The role of useful life in determining depreciation rates Learn more about our resources and tools designed to aid maintenance and reliability teams by visiting our website at www.upkeep.com. Don't forget to give this video a thumbs up and subscribe to our channel for more invaluable insights.