How to financials
From Pumping Station One
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.
