The condition of an asset is based on an evaluation of the physical status/state of an asset, its ability to perform as planned, and its continued usefulness.
The usefulness of an asset is a factor that's considered when assessing it.
mnli hypothesis: The usefulness of an asset is a factor that's considered when assessing it. premise: The condition of an asset is based on an evaluation of the physical status/state of an asset, its ability to perform as planned, and its continued usefulness.