Asset Types

The Assets are categorized into four Asset types:

• .Fixed Assets : The Assets purchased by an organization to use it for a long duration are defined as Fixed Assets. The examples for Fixed Assets are machinery, laptop, desktop, and furniture.

• Consumable: The Assets that have to be replaced regularly in an organization as they can be spent, wasted, and dissipated are defined as Consumable. The examples for Consumable are printer cartridge, CDs, files, papers, staplers, and pens. For difference between Consumable and Accessories, see Consumable Vs. Accessories.

• Accessories: The Assets that are used for facilitating the smooth operation of a machinery or any Fixed Asset or spare parts or components, which are faulty and need to be replaced are defined as Accessories. The examples for Accessories (smooth operation) are mouse, laptop bag, headphones, data cards, and so on. The other examples for Accessories (to be replaced) are laptop battery, laptop charger, and RAM. For difference between Consumable and Accessories, see Consumable Vs. Accessories.

• Software: The software that are purchased and used by an organization are defined as Software Assets. The examples for Software Assets are Adobe Photoshop, Microsoft Office, Microsoft Visual Studio, and so on.