Estimated life months value – is this from purchase date or from now? It would be more helpful to have an estimated replacement date instead to help with financial planning and an ability to produce a list of assets needing replacing in the next year or next 5 years to help with budgeting.
Guidance regarding the estimated life months value – is there a general estimate of how long a wooden bench lasts, for example?
Helen Lawrence, Worplesdon Parish Council