Abstract

Valuation of fixed assets is important in order to have fair measure of profit or loss and financial position of the concern.Effective fixed assets management can help businesses comply with regulatory requirements. Many industries are subject to strictregulations related to asset ownership, maintenance, and disposal. By implementing proper asset management procedures,businesses can ensure that they are in compliance with these regulations, avoiding costly fines and penalties. Properly managingfixed assets can also help companies comply with regulatory requirements, such as those related to environmental health and safety.Overall, effective fixed asset management requires careful planning, on-going monitoring, and continuous improvement to optimizethe value and performance of a company's long-term investments.