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The complete replacement of an asset that has reached the end of its life, so as to provide a similar, or agreed alternative, level of service.
IIMM
Replacement is the complete replacement of an asset that has reached the end of its life. so as to provide a similar or agreed alternative level of service.
LGAM
Complete removal and use of another item in place of an asset that has reached the end of its life, so as to provide a similar or agreed level of service.
DERM
