Looking for correct answer

[PrajjvalSiG]

Hello Community,

I am looking for the correct answer of below question, can someone pls help. 

Que - What are some examples of operational expenses of managing an asset throughout its lifecycle? (Choose two.)

A. Replacement parts
B. Storage costs
C. Maintenance agreements
D. Warranty costs

Thanks

[mahamst31]

The correct answer to your question is:

A. Replacement parts
C. Maintenance agreements

In the context of ServiceNow Asset Management (and general ITAM principles), OpEx refer to the ongoing costs required to run and maintain an asset after its initial purchase. Maintenance agreements and replacement parts are recurring or on-demand costs directly tied to keeping the asset functional throughout its lifecycle. While storage is an operational cost.

If you find my response helpful, mark it as helpful and accepted solution.

Regards, 

Maham Tahir.

[mahamst31]

Hi @PrajjvalSiG,

A. Replacement parts
C. Maintenance agreements

In the context of ServiceNow Asset Management (and general ITAM principles), OpEx refer to the ongoing costs required to run and maintain an asset after its initial purchase. Maintenance agreements and replacement parts are recurring or on-demand costs directly tied to keeping the asset functional throughout its lifecycle. While storage is an operational cost.

If you find my response helpful, mark it as helpful and accepted solution.

Regards, 

Maham Tahir.

[GlideFather]

Hi @PrajjvalSiG,

I would say:

✅A. Replacement parts
❌B. Storage costs
✅C. Maintenance agreements
❌D. Warranty costs

B and D are original costs - something that you pay even before you start to use. Similar to taxes for examples.