Asset maintenance involves
A)the recording of periodic depreciation
B)adjusting the asset records to reflect the cost of physical improvements
C)keeping track of the physical location of the assets
D)all of the above

Question

Quizplus · Accepted Answer

Asset maintenance involves all of the options given in the question. A) Periodic depreciation is recorded to reflect the decrease in the value of an asset over time due to wear and tear or obsolescence. B) Adjusting asset records to reflect the cost of physical improvements is important to ensure that the asset's book value accurately reflects its current value. C) Keeping track of the physical location of assets is necessary to prevent theft or loss and also to ensure that they are being used effectively. Therefore, all of these tasks are essential for asset maintenance.

Asset Maintenance Involves