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The equipment lifecycle, through a finance lens
ASSET MANAGEMENT · 4 min read
Equipment decisions affect cash flow, project margins and the balance sheet. An asset register is most useful when finance and operations maintain it together.
Capture the acquisition record
Record purchase cost, commissioning date, location and responsible owner. Keep supporting invoices and distinguish acquisition from subsequent maintenance.
Review accounting treatment
Assess capitalisation, useful life and depreciation under the standards applicable to your business. Estimates should reflect use and condition, with documented review.
Track movement and disposal
Log transfers and disposals promptly. Reconcile the asset register to the ledger and review whether assets remain in service.
General operational information. Seek advice tailored to your business before making accounting or tax decisions.
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