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Resources for Sound Business Decisions.™

Salvage Value for Fixed Asset Financial Reporting

Salvage Value is a key component in accurately calculating the deprecation of fixed assets for financial reporting purposes, but is generally not a factor for tax depreciation under MACRS. In essence, Salvage Value is the anticipated value of a depreciable asset when it reaches the end of its Useful Life. The Cost of an Asset […]

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Safeguarding Fixed Asset Data

The increasing digitization of data and information can streamline business processes and improve productivity. Data is now easier to store, retrieve, analyze and transfer. However, these benefits also present risks that need to be managed. Fixed Asset Pro™ stores each company database in a single file that can be stored in any local or network […]

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Fixed Asset Policies and Procedures Manual

Editor’s note: This article is the 2nd in a series and provides an overview of the elements of a comprehensive fixed asset policies and procedure manual. Future articles in this series will expand upon and provide examples of specific fixed asset policies and the procedures. Creating and maintaining a Fixed Asset Policies and Procedures Manual […]

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