Managing Physical Assets Assignment

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Added on 2020-11-23

Managing Physical Assets Assignment

Added on 2020-11-23

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Asset Register

Table of ContentsINTRODUCTION...........................................................................................................................1ASSESSMENT-1.............................................................................................................................1PART -A- ASSET REGISTER.......................................................................................................1PART B............................................................................................................................................21. Develop maintenance register.................................................................................................22. Maintenance plan....................................................................................................................33. Replacement products detail...................................................................................................54. details and budget for each replaced product..........................................................................65. 3 prices and quotes from different suppliers...........................................................................66. Different Financing options....................................................................................................77. different finance variants.........................................................................................................78. Explain the official process that needs to be followed............................................................8ASSESSMENT 2.............................................................................................................................11. How business aims influence methods used for managing physical assets in theorganisation.................................................................................................................................12. Different types of physical assets used in hospitality industry...............................................13. 5 Physical assets for training the maintain ace details typically required...............................24. 6 Aspects that considered for the long term assessment of physical assets............................25.Different types of parameters for acquisition of physical assets..............................................36. What are the features and benefits of renting equipments......................................................37. What are the features and benefits of using Hire purchases to acquire expensive equipments.....................................................................................................................................................38. Features and benefits of leasing equipment and furniture......................................................49. Benefits of purchasing physical assets outright......................................................................410. Purpose and components of physical assets register.............................................................411. Assessing about depreciation to a piece of equipments........................................................512. Two methods of calculating depreciation.............................................................................513. 4 examples of sources for data to estimate reliable acquisition cost and need to consider interms of contractual obligations and ongoing maintenance........................................................6

14. 3 examples for environmental sustainability that applies to physical assets and outlineenvironmental and financial benefits..........................................................................................6CONCLUSION................................................................................................................................6REFERENCES ...............................................................................................................................7Online..........................................................................................................................................8

INTRODUCTIONAssets in hospitality have their won importance. The entire report is based upon themaintenance of asset in hospitality industry. The report is deals with Acumen Kitchen andrestaurant under which whole assets register is maintained. The present report is based upon twoassessment. In Assessment-1 report presents the asset register and how they are maintained infuture. Further report also presents why it is necessary to monitor entire asset register regularlyand what WHS issues which company faces. In Assessment-2 the report presents the basicinformation about asset such as Codes of Practices, Industry Accreditation schemes, somephysical assets etc. ASSESSMENT-1PART -A- ASSET REGISTERPhysical Asset Register for Acumen kitchen and restaurantAsset Building, computer system, furnitures that includes table and chair, equipment fixtureand fittings, R.O.AssetdescriptionSerialnumberCost PurchaseDate Depreciation ClosingWrittenDown valueComputersystem:Model No. -HP15-AY078TX1$30013/10/17$30$330Furniture:single, doubleand multiple 42seat chair, 6Round table ofwood, woodenkitchen cabinet.2$57818.09.2017$58$636Equipmentfixture:R.O.-SteelModel no-3$108019/09/16$108$11081

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