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Scope Note: The activities involved in recording in a subsidary ledger all fixed assets owned by the organisation. Includes the date of purchase, depreciation expense, written down value as well as stocktaking and auditing notations. Tip: Fixed assets include physical facilities such as land, buildings, factories, roads, schools, and their infrastructure, and products of value such as vehicles, technological equipment and other equipment with an economic life of over 12 months. Tip: For operational activities, such as the acquisition, operation, maintenance and disposal of assets use the relevant keyword (EQUIPMENT AND STORES, FLEET MANAGEMENT, PROPERTY MANAGEMENT or TECHNOLOGY & TELECOMMINCATIONS). |
Broader: FINANCIAL MANAGEMENT Narrower: Plant Cards Real Estate |