TeachMeFinance.com - explain Place in service
Place in service The term 'Place in service' as it applies to the area of energy can be defined as ' A vehicle is placed in service if that vehicle is new to the fleet and has not previously been in service for the fleet. These vehicles can be acquired as additional vehicles (increases the size of the company fleet), or as replacement vehicles to replace vehicles that are being retired from service (does not increase the size of the company fleet)'.
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