To reduce the potential for theft, fixed assets should be:
A) engraved or otherwise permanently labelled.
B) periodically inventoried.
C) physically protected whenever possible.
D) all of the above

Question

Quizplus · Accepted Answer

All three options listed can help to reduce the potential for theft of fixed assets. Engraving or permanently labelling assets can help to identify them if they are stolen and potentially deter theft. Periodic inventory allows for the tracking of assets and can help identify if anything is missing. Physical protection (such as storing assets in a locked room or using security cameras) can make it more difficult for thieves to access and steal the assets.

To Reduce the Potential for Theft, Fixed Assets Should Be