How should fixed asset inventory be conducted?
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Which departments should collaborate to carry out the annual inventory of fixed assets in a chemical plant? Which department is responsible for organizing this process, and which departments should take part? What tasks should the Mobile Equipment Department undertake? How should the fixed asset inventory sheet be prepared, and what items should it include? How are asset numbers determined? Should pumps and their motors be counted separately as two separate assets, or combined as one?
Organized by the Mechanical Power Equipment Department, with participation from the Production Department, Finance Department, workshops, etc. The fixed asset statistics table should be prepared based on each organization’s specific circumstances; there is no fixed format. Pumps and their motors should be counted separately as two separate assets.
Should the pump’s motor be considered part of the pump? The pump as an asset (including the motor)