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CIPS L4M8 LO3 Questions and Answers 100% Solved correctly
what is a fixed asset? - Answer-assets that are purchased for long-term use and not intended to be 
converted directly into cash 
what is included in whole life asset management? - Answer-- lessons learned feeds into identification of 
needs/specification 
- pre-acquisition costs 
- acquisition costs 
- installation and commissioning costs 
- operating costs 
- maintenance costs 
- performance/downtime monitoring 
- end of life disposal/recycling 
- analysis of historic performance 
what could t...