Perform asset depreciation

Description

Calculate the reduction in the value of an asset, caused for example by damage or changes in the environment, in accordance with the legislation.

Alternative labels

perform asset reduction
perform property depreciation
perform asset deflation

Skill type

skill/competence

Skill reusability level

occupation-specific

Relationships with occupations

Essential skill

Perform asset depreciation is an essential skill of the following occupations:

Optional skill

Perform asset depreciation is optional for these occupations. This means knowing this skill may be an asset for career advancement if you are in one of these occupations.

Financial manager: Financial managers handle all the matters in reference to the finance and investments of a company. They manage financial operations of companies such as the assets, liabilities, equity and cash flow aiming to maintain the financial health of the company and operative viability. Financial managers evaluate the strategic plans of the company in financial terms, maintain transparent financial operations for taxation and auditing bodies, and create the financial statements of the company at the end of the fiscal year.

 


 

References

  1. Perform asset depreciation – ESCO

 

Last updated on September 20, 2022