Here we are interested in managing the costs of a service department over its life cycle. The information technology department (IT) is a good example. The costs incurred in IT have the following phases: 1. Acquire IT assets, including computers, hubs, cables, and other assets. 2. Acquire software and deploy IT for the desired application and functionality. 3. Maintain management and operations of the IT assets. 4. Provide user support. 5. Retire the assets on a planned schedule and replace as needed.

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How can life-cycle costing help in the management of the IT department?