In accounting, an asset is anything that can be used to generate revenue or create value for the company. This includes cash, investments, inventory, accounts receivable, and property. The key to understanding assets is knowing how they are reported on the balance sheet. The balance sheet is a financial statement that reports a company’s assets, […]

What is a Business Asset? A business asset is an economic resource that is owned or controlled by a business. Business assets can be either physical or intangible, and can be classified as either current assets or long-term assets. Current assets are those that are expected to be turned into cash within one year, while

The company carries out preventive maintenance so that asset repairs are not carried out in the event of severe damage. This article will explain some of the function of preventive maintenance. What is preventive maintenance? Preventive maintenance is a type of maintenance carried out to prevent problems from occurring. It is usually done regularly, such as

Companies have their way of doing maintenance on equipment or assets. And one of the maintenances is preventative maintenance. What is the purpose of preventive maintenance, and the following explanation? What Is Preventive / Preventative Maintenance? Preventive/preventative maintenance is any work done on equipment or system to keep them from breaking down. It is also

In companies, asset maintenance is essential because it can avoid something that is not desirable. A company can apply several types of maintenance, but before we go to types of maintenance, we should understand what maintenance is and why we need to do that. What is Maintenance? Maintenance is the process of keeping assets or