Fixed Asset Accounting Review Work program

Capital assets are assets that are used in a company’s business operations to generate revenue over the course of more than one year. They are recorded as an asset on the balance sheet and expensed over the useful life of the asset through a process called depreciation. Determine/Inquire about the following project team (list members ), fieldwork, capital asset procurement,requisition\purchasing, receiving, capital asset (tracking and monitoring, recording and reporting, and disposal and retirement ) testing, and final.