Types of Assets

The types of assets and inventory data that can be valued and stored using Asset Valuer Pro are limitless and include everything from Buildings through to roads, water, sewerage, marine, park and other infrastructure.

 

Typical examples include :-

 

  • Land

  • Buildings

  • Roads

  • Footpaths

  • Drainage

  • Kerb

  • Traffic Signals

  • Lighting

  • Water pipes

  • Water civil and treatment plants

  • Sewerage pipes

  • Sewerage civil and treatment plants

  • Marine assets

  • Parks and recreational assets

All assets can be componentised as desired and each component can be further split into the short-life part * (renewal part) and

long-life part * (recyclable part) to fully comply with depreciation expense requirements.

The Asset Hierarchy is 100% flexible. Entities can choose to work from a template, amend the template as desired or build their own Asset Hierarchy from scratch to ensure total consistency with their Asset Management or Financial Reporting systems.

* The accounting standards require both current value and depreciation expense to be calculated for 'each significant part that has a different useful life'. The short-life part represents the estimated cost of the typical expected renewal cost for the component with long-life or recyclable part representing the balance. Failure to comply with this requirement often results in significant over-statement of depreciation expense.

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