The Meaning of Assets
25 July 2007Before we use the Depreciation Software to calculate the depreciation of the Fixed Assets, we must first classify the company physical assets. First we must define the meaning of fixed assets before classifying the assets. Fixed assets are any assets which can or will be used redundantly in the process of production. With this said company’s infrastructure such as machineries, equipments, plants can be classified as fixed assets. Having a proper Fixed Assets Software will help tremendously only if you have properly classified and define what your assets are. Since the definition of fixed assets is very broad, you need to carefully evaluate your assets thoroughly before deciding.
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