Recent Articles

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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Asset management program useful before and after disasters

Protecting fixed assets during a corporate move is important, but when renting items is the core of a company's business, making sure property is safe and accounted for at all times is even more critical. The Vindicator, a newspaper based in Youngstown, Ohio, recently reported on a local rental company that had a number of its fixed assets destroyed in a fire. Struthers Chair and Tent Rental lost $360,000 worth of tables, tents and chairs during a fire in late May. In response to the event, the local community created a fundraiser to help the business purchase the necessary fixed…

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Fixed asset accounting useful during corporate move

For many people, moving can be an ordeal. Having to pack things up in boxes and label them appropriately so they don't get misplaced is time-consuming. However, when it comes to corporate relocations, things are even more difficult and additional measures have to be taken. Any company's fixed assets are extremely valuable to its operational processes. Without these items, it would make conducting business difficult, if not impossible. That's why enterprises embarking on a major location change should consider investing in an asset and inventory tracking system to protect the items of value that will be transported during the move. A recent article in the Minneapolis-St. Paul…

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