useful life Archives

Capitalization Thresholds: What Are They And How Do They Affect Fixed Asset Accounting?

Capitalization Thresholds: What Are They And How Do They Affect Fixed Asset Accounting?

Lauren Galietti2020-07-27T10:41:56-04:00Tags: asset management, capitalization thresholds, fixed asset tracking, useful life|

Managing your organization’s fixed assets can be a lot of work. It takes a team and a good bit of time to ensure the assets you need to account for are being tracked in an organized and accurate manner. So, how do you determine which assets need to be tracked and which ones don’t? [...]

An Introduction to Useful Life and Depreciation: How to Calculate Depreciation for Equipment and More

An Introduction to Useful Life and Depreciation: How to Calculate Depreciation for Equipment and More

Lauren Galietti2021-09-20T18:13:37-04:00Tags: depreciation, fixed asset accounting, gasb 34, useful life|

Overview: Useful Life and Depreciation For many entities, capital assets represent a significant investment of resources. As such, to make the most of your investment, these assets need to be actively accounted for and managed. Understanding an asset's useful life and calculating depreciation are among the top two most important data points for fixed [...]