ASSET AVAILABILITY Definition

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ASSET AVAILABILITY is the stated condition or availability of an asset for usability. The subject asset is not available if it is already in use, at capacity, undergoing maintenance, broken, etc.

Learn new Accounting Terms

USEFUL LIFE is the expected period of time, in years, during which a depreciating asset will be productive.

DAY BOOK is a written record/ledger in which transactions have been recorded as they occurred.

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