Category: Fixed assets for SMB

Theft of construction equipment represents $1 billion in annual losses

Construction companies rely on fixed assets of all sizes in order to complete projects. In many instances, these items are often left relatively unsupervised on construction sites, making it easy for thieves to come in and steal them. It is for this reason that an asset management program is necessary, especially in those areas where instances of theft are highest. A recent report from the LoJack Corporation, a company specializing in tracking and recovery of fixed assets, highlighted the 10 states with the highest instances of equipment theft with the top three being California, Texas and Florida. The report also…

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Asset management programs help with recovery after accidents

In most cases, natural disasters are nearly impossible to predict. These events often happen suddenly and without warning. In many instances, the aftermath is severe damage and destruction to property and other fixed assets owned by organizations and individuals. For the former, an asset management program and a depreciation calculator can be helpful for trying to get back on track in the wake of a disaster. Lightning causes damage to schools A two-alarm fire, which took 120 firefighters to get it under control, destroyed a significant portion of a school in Waldorf, Maryland. Local ABC 7 News affiliate WJLA reports that John Hanson Middle School's Lifelong…

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Fourth of July fireworks cause fixed asset damages

The Fourth of July is a time for U.S. citizens to celebrate the country's independence. In addition to barbecuing and generally enjoying being outdoors, many people look forward to watching exciting fireworks displays when the sun sets. When done by professionals, these explosive light shows can be a treat. However, many people like to light their own fireworks - sometimes illegally – and this can easily result in fixed asset damages. A recent report from Newsday highlighted an example of this in Mineola, a small village located in New York's Nassau County. Fireworks result in multiple instances of damage on Fourth of July…

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Amortization calculator vital when fixed assets are financed

Companies relying on fixed assets often have big decisions to make centering on whether to buy equipment, lease or rent it or secure financing to obtain the items they need. No matter which route a company takes, it can benefit from an asset management program that helps keep an accurate count of items as well as track depreciation. However, when securing a loan to make fixed asset purchases, an amortization calculator can also be a useful tool. A recent report from Nashoba Publishing profiled Optometrics, an optics manufacturer, received a $500,000 loan to purchase fixed assets it needs for its business. The company received two loans, one…

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Asset management program vital in the purchase of new equipment

Any organization that owns fixed assets should take advantage of tools that will help keep an accurate account of items as well as protect financial investments in the case of loss, theft or damage. One of the ways to accomplish both goals is through the implementation of an asset management program. According to an AL.com report, the city council of Gardendale, Alabama recently approved the purchase of new equipment that will be installed in a local playground. The Moncrief Kiddie Park will receive a complete overhaul with materials valued at just over $72,000. The report states that gravel on the playground…

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