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All assets will eventually reach the end of their useful life due to continuous use, the passage of time, or a combination of both.\u00a0Although age of the asset is often used as the\u00a0primary\u00a0measurement, many factors affect the useful life of a given asset, such as installation conditions, materials, maintenance, level of usage, weather, and environment. Because of these site-specific characteristics, asset life must be viewed within the context and\u00a0conditions\u00a0of that\u00a0asset and the utility system in which it functions.\u00a0The\u00a0exact same asset installed in different\u00a0states, different cities, or even\u00a0different parts\u00a0of the same city may not have the same useful life when considering\u00a0the above-mentioned factors.<\/span>\u00a0<\/span><\/p>\n Utility staff can\u00a0use\u00a0their experience with the assets and\u00a0maintenance and replacement records\u00a0to estimate the\u00a0remaining\u00a0useful life for existing assets. Knowledgeable individuals\u00a0such as\u00a0operators, managers, maintenance personnel,\u00a0and\u00a0engineers\u00a0all have perspective on the assets in a utility system and can contribute their individual and collective knowledge to estimate how much longer an asset will function at ideal performance.\u00a0<\/span>\u00a0<\/span><\/p>\n