Similarly, I have always been curious about the retention designation "Life of Facility" and how that could be assigned to a retention series.  For example, a records series called "Policies and Procedures--Operations" might be "Life of Facility + 5".
   
  How does one know what the life of a facility is?  Is it based on the field of accounting's term, "depreciation"?  A common definition of depreciation is the amount of expense charged against earnings by a company to write off the cost of a plant or machine over its useful live, giving consideration to wear and tear, obsolescence, and salvage value. 
   
  So....no, that doesn't sound quite right...maybe someone out there on the list has some ideas...
   
  Thanks!
   
  Mimi Dionne

 
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