Best Practices for Fixed Asset Management

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Improving the management of your company’s fixed assets can help you save taxes through depreciation deductions. Fixed assets, such as land, buildings, vehicles and equipment, are potentially the biggest investment a company will make, but the attention given to asset management often falls short. Implementing best practices for your fixed assets can help your company enhance the capital budget formulation process, gain control of your resources, provide more precise financial reporting and boost your profitability. Read on to gain additional insight into the world of fixed asset management.

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