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All Glossary Terms

Equipment Depreciation

Maintenance definition:

Equipment Depreciation is the process of allocating the cost of tangible equipment over its useful life, reflecting its loss in value due to wear, tear, and obsolescence. Understanding equipment depreciation is important for financial reporting, tax purposes, and maintenance budgeting. It helps organizations plan for future capital expenditures, replacement costs, and assess the financial viability of maintenance investments to extend equipment life.

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Includes professional installation of up to 200 sensors (a $10k+ value)

24/7 monitoring and a dedicated CME for your site

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