ASTM-E2453 2005

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E2453-05 Standard Practice for Determining the Life-Cycle Cost of Ownership of Personal Property

Published By	Publication Date	Number of Pages
ASTM	2005	3

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Categories: 03.100.10 - Purchasing. Procurement. Logistics, ASTM

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Description

1.1 This practice covers the establishment of a process consensus model for determining the life-cycle cost (LCC) of personal property assets owned or used by an entity.

1.1.1 For businesses, these personal property assets are required to achieve financial returns from producing and selling goods or services, or both.

1.1.2 For institutions and agencies, these personal property assets are required to accomplish their primary mission.

1.2 Real and personal property assets may include capital (fixed) assets and movable, durable assets including: customer-supplied assets, rental/leased assets, contract/project direct-purchased assets, or expense items.

1.3 Asset service lives can be divided into four distinct stages, each with several separate yet interrelated substages: budgetary/planning, acquisition, utilization, and disposition. These primary stages are not intended to be all encompassing, but are offered as the basis for establishing LCC.

1.4 This standard does not purport to address all of the safety concerns, if any, associated with its use. It is the responsibility of the user of this standard to establish appropriate safety and health practices and to determine the applicability of regulatory limitations prior to use.

PDF Catalog

PDF Pages	PDF Title
1	Scope Referenced Documents Terminology
2	Summary of Practice Significance and Use Associated Costs
3	Procedure Keywords

Additional information

Standard Title	E2453-05 Standard Practice for Determining the Life-Cycle Cost of Ownership of Personal Property
Published Code	ASTM
Publication Date	2005
Pages Count	3
ICS Codes	03.100.10 - Purchasing. Procurement. Logistics

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ASTM-E2453 2005

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