When an asset is put to use, it is subject to varied degree of wear and tear, depending on the usage of asset. Because of this wear and tear, it’s value decreases over a period of time. This decrease in
4 Methods of Depreciation Explained
Understanding Recognition & Derecognition of Assets
Recognition is the process of formally introducing an item into the financial statements of an entity as an asset, liability, revenue, expense, or the like.
Omlox is the world’s first open locating standard
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Central Bank of Nigeria announces QR code payments framework
The Central Bank of Nigeria announces framework for QR code payments The Central Bank of Nigeria (CBN) has announced a framework for QR code payments. The CBN stated that the guidelines are in accordance with its mandate to ensure the safety and
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LTE (long-term evolution) is an effective indoor asset tracking solution when reliability is important but accuracy isn’t a major requirement.
QR code plaques by Dubai Tourism
QR code plaques by Dubai Tourism Dubai has started a new initiative that would help the tourists to guide themselves with multimedia dimensions. The Dubai Department of Tourism & Commerce Marketing has launched QR code plaques in all famous tourist
Scan QR codes to get food safety record of restaurants in Dubai
Every food outlet (restaurant, eatery) in Dubai to be assigned a QR code When scanned by customers, the QR code will take them to a webpage showing the grade of the outlet given by Dubai authorities in terms of adherence
QR codes to track trash
QR codes to track trash Bangalore City plans to give each house a QR code so that the garbage contractor can scan it to record that garbage has been collected. Why is the garbage piling up on streets? According to
AI, RFID technologies point the way to tagged inventory
A department store in New York is testing a solution that uses gaming-style AI and RFID to help sales associates locate a specific product in-store.