Difference between revisions of "How to financials"
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(Created page with "==Category== Supplies - Things consumed by the process of using or running the machine. Will not improve or maintain condition. Repair and Maintenance - The costs incurred to ...") |
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==Category== | ==Category== | ||
− | Supplies - Things consumed by the process of using or running the machine. Will not improve or maintain condition. | + | * Supplies - Things consumed by the process of using or running the machine. Will not improve or maintain condition. |
− | Repair and Maintenance - The costs incurred to bring an asset back to an earlier condition or to keep the asset operating at its present condition (as opposed to improving the asset). | + | ** We are maintaining that things like bandsaw blades, end mills, and lathe tooling are supplies. |
− | Small Equipment - Tools or permanent improvement to tools or area. | + | ** These are going to be things that are directly worn down in its normal use, like grinding wheels. |
+ | * Repair and Maintenance - The costs incurred to bring an asset back to an earlier condition or to keep the asset operating at its present condition (as opposed to improving the asset). Fixing non-consummable things in the machine. These things are less frequently replaced. | ||
+ | ** Example: cleaning fluid, belts. | ||
+ | * Small Equipment - Tools or permanent improvement to tools or area. |
Revision as of 00:02, 15 June 2014
Category
- Supplies - Things consumed by the process of using or running the machine. Will not improve or maintain condition.
- We are maintaining that things like bandsaw blades, end mills, and lathe tooling are supplies.
- These are going to be things that are directly worn down in its normal use, like grinding wheels.
- Repair and Maintenance - The costs incurred to bring an asset back to an earlier condition or to keep the asset operating at its present condition (as opposed to improving the asset). Fixing non-consummable things in the machine. These things are less frequently replaced.
- Example: cleaning fluid, belts.
- Small Equipment - Tools or permanent improvement to tools or area.