CAFA – Certificate of acceptance on fixed assets in Nigeria One of the most important roles of IID (The Industrial Inspectorate Division (IID) of the Federal Ministry of Industry) is to inspect, value and certify capital expenditure incurred by businesses
Componentization – when fixed assets having major identifiable components with different useful lives are identified and treated as separate components.
What is Geo Tagging of an asset? It is the process of adding geographical identification like latitude and longitude to an asset. Geo-tagging can help users find a wide variety of location-specific information from a device. It provides users the
ARO is a legal obligation associated with the retirement of a tangible long-lived asset in which the timing or method of settlement may be conditional.