Which of the following is the sequence of activities in the Asset Management Process?
A)Acquire Assets,Deploy Assets,Maintain Assets,Asset Accounting,Retire/Replace Assets
B)Deploy Assets,Acquire Assets,Asset Accounting,Maintain Assets,Retire/Replace Assets
C)Deploy Assets,Acquire Assets,Maintain Assets,Asset Accounting,Retire/Replace Assets
D)Acquire Assets,Deploy Assets,Asset Accounting,Maintain Assets,Retire/Replace Assets

Question

Quizplus · Accepted Answer

The correct sequence for asset management typically starts with acquiring the assets, followed by deploying them where they are needed. After deployment, maintaining the assets to ensure they remain in good working condition is crucial. Asset accounting is then performed to keep track of the value and depreciation of the assets. Finally, assets are retired or replaced when they are no longer useful or efficient. This sequence ensures effective and efficient management of assets throughout their lifecycle.

Which of the Following Is the Sequence of Activities in the Asset