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ASTM International - ASTM E2453-13

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

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Organization: ASTM International
Publication Date: 15 July 2013
Status: inactive
Page Count: 3
ICS Code (Purchasing. Procurement. Logistics): 03.100.10
significance And Use:

5.1 For agencies and institutions, measuring and managing the LCC of ownership of property may directly result in improved accountability, in the form of cost savings, increased asset utilization,... View More

scope:

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 three distinct stages, each with several separate yet interrelated substages: 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.

Document History

May 1, 2019
Standard Practice for Estimating the Life-Cycle Cost of Ownership of Property Assets
1.1 This practice covers the establishment of a process consensus model for determining the life-cycle cost (LCC) of property assets owned or used by an entity. 1.1.1 For businesses, these property...
ASTM E2453-13
July 15, 2013
Standard Practice for Determining the Life-Cycle Cost of Ownership of Personal Property
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...
July 1, 2005
Standard Practice for Determining the Life-Cycle Cost of Ownership of Personal Property
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...
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