The fixed asset system performs all of the following except
A)determines the need for new assets
B)maintains depreciation records
C)records retirement and disposal of assets
D)tracks the physical location of fixed assets

Question

Quizplus · Accepted Answer

The fixed asset system may provide information that can be used to determine the need for new assets, but it does not actively perform this function. The system primarily focuses on maintaining accurate and up-to-date records of fixed assets, including the tracking of physical location, depreciation, and disposal.

The Fixed Asset System Performs All of the Following Except