How to define life of equipment

Question

Accepted Answer

Life of equipment refers to the duration of time that the equipment can function effectively and efficiently.

The life of equipment is determined by various factors such as usage, maintenance, and environmental conditions.
Regular maintenance and timely repairs can extend the life of equipment.
Equipment manufacturers provide an estimated lifespan for their products, but this can vary depending on usage and maintenance.
Factors such as wear and tear, corrosion, and obsolescence can also affect the life of equipment.
Monitoring and tracking equipment usage and maintenance can help predict when equipment may need to be replaced.
Examples of equipment with defined lifespans include HVAC systems, industrial machinery, and vehicles.

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