Best Practices for Fixed Asset Managers

Sound fixed asset management can yield substantial tax savings in depreciation deductions. Conversely, suboptimal fixed asset practices can threaten the accuracy of financial reports and negatively impact your bottom line. Establishing the highest standards of depreciation accuracy and best practices in fixed asset management will pay off in savings and efficiency.

The goal of this paper is to help you learn about best practices for fixed asset management and suggest tips for implementing them in your organization. These best practices will help you to seek potential savings in your fixed asset base and show you how to save time in the process.

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