Life Cycle of Fixed Assets




Fixed Assets
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edina aholi
Accountant, Kenya

Life Cycle of Fixed Assets

🔥NEW What is the life cycle of fixed assets?
 
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Jaap de Jonge
Editor, Netherlands
 

Life Cycle of Fixed Assets

Just as a businessís inventory items have a product life cycle, so do its tangible and intangible fixed capital assets. The life cycle begins with acquisition, continues with consumption and maintenance and ends with disposal. Key accounting issues arising during this time focus mainly on financial reporting and asset valuation.

   

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