Fixed Asset Tagging and Annual Verification
Defines how capitalized assets are tagged at acquisition, recorded in the asset register, and physically verified on an annual cycle.
Why This Matters
An asset register nobody can walk and touch is a spreadsheet, not a control. Tagging at the receiving dock, before an item disappears into a department, is the only moment the record is guaranteed to match reality. Annual verification is what keeps depreciation honest and insurance claims provable.
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