Examlex
List the components of the procurement plan.
Extraordinary Repair
Major repairs extending the useful life of an asset far beyond the normal maintenance.
Betterment
The act of improving or increasing the value of an asset or property through enhancements or upgrades.
Capital Expenditure
Financial resources deployed by a business to buy or enhance tangible assets like real estate, factories, or machinery.
Asset Life
The expected duration over which an asset is considered usable and can contribute to a company’s operations.
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