diano6672 diano6672
  • 09-11-2022
  • Business
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Why should records be kept for business-use assets such as video equipment and vehicles?.

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TheBoiDabi
TheBoiDabi TheBoiDabi
  • 09-11-2022

Answer:

Records should be kept for business-use assets such as video equipment and vehicles because, Assets are the things you own and use in your business, such furniture and machines. To verify specific information about your company's assets, you must maintain records. To calculate the annual depreciation and the gain or loss when you sell the assets, you need records.

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