The condition of a long-lived asset is affected by its durability , the quality of its design and construction , its use , the adequacy of maintenance that has been performed , and many other factors , accidents ( an unforeseen and unplanned or unexpected event or circumstance ) , catastrophes ( a tragic event ) , disasters ( a sudden calamitous event bringing great damage , loss , or destruction ) , and obsolescence .
Asset 's use is irrelevant to the question of what condition the asset is in .