Overview
Lists equipment items with life expectancy, purchase, and purchase price defined to provide a baseline for equipment replacement planning.
When to use
Use this report to compare repair cost against Maximum Expenditure Limit (MEL) when evaluating whether new equipment should be purchased.
Notes
- If Repair Cost is more than MEL, the recommendation is that it is time to purchase new equipment.
- The expected cost for new equipment is calculated by adding 3% to the equipment's original cost per year.
- Approaching or exceeding projected useful life is not by itself sufficient reason to replace an item.