Monday 22 January 2018
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3 months ago

Asset Register Service Providers in UAE


What is an Asset Register?  An asset register stores vital information about a company’s assets.  It records all types of tangible and intangible assets.  An asset register also records movable and immovable assets.  It helps industrial owners in short term and long term planning. Asset registers record general asset information which includes  Product description  Date of purchase  Cost of product  Product installation charges  Estimated lifetime  Warranty coverage  Resale value  Periodic maintenance cost They record tangible assets such as  Land  Building  Industrial machinery  Vehicles  Furniture They record intangible assets which include  Software licenses  License agreements  Brand names  Patents  Copyrights Benefits of Maintaining an Asset Register  An asset register helps business insure claims.  It helps them pay taxes on time.  It helps them perform scheduled maintenance operations.  Clients can use asset registers as a mortgage in applying for ban

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