Many Companies Use a Tracking System for Their Fixed Assets

question 115

True/False

Many companies use a tracking system for their fixed assets that would include applying a fixed asset tag, number, or label to the asset.

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Definitions:

Oil Fuel

is a type of fuel derived from the refinement of crude oil used primarily for heating, transportation, and generating electricity.

Refined Product

A substance that has been processed and purified from its raw state to enhance its utility or value.

Coal

A combustible black or brownish-black sedimentary rock made largely of carbon and hydrocarbons, used as a fossil fuel for producing energy.

Natural Gas

A fossil fuel used primarily for heating, cooking, and electricity generation, consisting mainly of methane.