Asset Glossary
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Accumulated Depreciation
What Is Accumulated Depreciation? Accumulated depreciation is the total depreciation expense recognized for a fixed…
Learn More →Agent Based Discovery
What is Agent Based Discovery? Agent-based discovery is one of the ways IT assets can…
Learn More →Agentless Discovery
What Is Agentless Discovery? Agentless discovery is an IT asset discovery method where a central…
Learn More →Amortization
What is Amortization Amortization is a financial accounting practice applied to intangible assets and loan…
Learn More →Asset Assignment Form: Definition, Template & Benefits
What Is an Asset Assignment Form? An asset assignment form is a document that records…
Learn More →Asset Availability
What is Asset Availability? Asset availability, often referred to as equipment availability, is a critical…
Learn More →Asset Barcoding
What is Asset Barcoding? Asset barcoding is a streamlined and cost-effective method used by businesses…
Learn More →Asset Componentization
What is Asset Componentization? Asset componentization is a strategic approach frequently employed for property, plant,…
Learn More →Asset Custody
What Is Asset Custody? Asset custody defines the responsibility an individual or organizational unit holds…
Learn More →Asset Decommissioning
What Is Asset Decommissioning? Asset decommissioning is the formal process of removing an asset from…
Learn More →Asset Exception Management
What Is Asset Exception Management? Asset exception management is a structured workflow for handling discrepancies…
Learn More →Asset Geofencing
What is Asset Geofencing? Asset Geofencing utilizes technologies like GPS or RFID to establish virtual…
Learn More →Asset Impairment
What is Asset Impairment? Asset impairment refers to a situation where the market value of…
Learn More →Asset Insurance
What is Asset Insurance? Asset insurance, often referred to as property and casualty insurance, is…
Learn More →Asset Lifecycle Cost
What is Asset Lifecycle Cost? Asset Lifecycle Cost is a methodology that provides an estimate…
Learn More →Asset Loss Prevention
What Is Asset Loss Prevention? Asset loss prevention includes practices and controls that protect physical…
Learn More →Asset Management Vs. Inventory Management
What is Asset Management vs. Inventory Management? When it comes to managing company assets, most…
Learn More →Asset Manager
Who is an Asset Manager? Asset Managers are expert practitioners accountable for the holistic administration…
Learn More →Asset Register Accuracy
What Is Asset Register Accuracy? Asset register accuracy measures how well each entry in the…
Learn More →Asset Retirement
What Is Asset Retirement? Asset retirement refers to the process companies undertake to account for…
Learn More →Asset ROI (RoFA)
What is Asset ROI (RoFA)? Asset Return on Investment (Asset ROI) or RoFA (Return on…
Learn More →Asset Salvage Value
What Is Asset Salvage Value? Salvage value is the estimated residual value of an asset…
Learn More →Asset Tracking Policy
What is Asset Tracking Policy? An asset tracking policy is a comprehensive document that outlines…
Learn More →Asset Transfer
What is Asset Transfer? Asset transfer, specifically in the context of fixed assets, refers to…
Learn More →Asset Users
Who are Asset Users? In the context of asset management, asset users are the people…
Learn More →Asset Utilization
What is Asset Utilization? Asset utilization is a critical metric in business that assesses how…
Learn More →Asset Write-Off
What Is an Asset Write-Off? An asset write-off reduces an asset’s net book value to…
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Cash Generating Unit (CGU)
What is a Cash Generating Unit (CGU)? A Cash Generating Unit (CGU) is the distinct…
Learn More →Chain of Custody
What Is Chain of Custody? Chain of custody is a continuous record of who held…
Learn More →Configuration Management Database (CMDB)
What is Configuration Management Database (CMDB)? A Configuration Management Database (CMDB) is a critical tool…
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Facility Management
What is Facility Management? Facility Management involves the day-to-day activities required to ensure that a…
Learn More →Fixed Asset
What Is a Fixed Asset? Fixed assets are tangible, long-lived assets used by a company…
Learn More →Fixed RFID Reader
What is Fixed RFID Reader? A Fixed RFID (Radio Frequency Identification) Reader is a device…
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Net Book Value (NBV): Definition, Formula, Example & Key Distinctions
What Is Net Book Value (NBV)? Net book value, also called carrying value or book…
Learn More →Network Inventory
What is Network Inventory Network inventory is essentially a catalog of all devices linked to…
Learn More →Noncurrent Assets
What are Noncurrent Assets? Noncurrent assets, also known as long-term assets or fixed assets, are…
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Real-Time Location System (RTLS)
What Is a Real-Time Location System (RTLS)? Real Time Location System (RTLS) is a technology…
Learn More →RFID Readers
What are RFID Readers? RFID readers, often referred to as interrogators, are the essential components…
Learn More →RFID Tags
What Are RFID Tags? An RFID tag is a compact device that contains a microchip…
Learn More →Right-of-Use Asset
What Is a Right-of-Use Asset? A right-of-use asset represents the economic benefit a lessee gains…
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What is an Asset Request (IT Asset Requisition)?
What is an Asset Request (IT Asset Requisition)? An asset request (asset requisition) is a…
Learn More →Work Order Management
What is Work Order Management? Work order management is the process of efficiently organizing and…
Learn More →Written-Down Value: Meaning, Formula & Distinction from NBV
What Is Written-Down Value (WDV)? Written-down value originated as a term describing what remains of…
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