How to financials: Difference between revisions
From Pumping Station One
Created page with "==Category== Supplies - Things consumed by the process of using or running the machine. Will not improve or maintain condition. Repair and Maintenance - The costs incurred to ..." |
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==Category== | ==Category== | ||
Supplies - Things consumed by the process of using or running the machine. Will not improve or maintain condition. | * Supplies - Things consumed by the process of using or running the machine. Will not improve or maintain condition. | ||
Repair and Maintenance - The costs incurred to bring an asset back to an earlier condition or to keep the asset operating at its present condition (as opposed to improving the asset). | ** We are maintaining that things like bandsaw blades, end mills, and lathe tooling are supplies. | ||
Small Equipment - Tools or permanent improvement to tools or area. | ** These are going to be things that are directly worn down in its normal use, like grinding wheels. | ||
* Repair and Maintenance - The costs incurred to bring an asset back to an earlier condition or to keep the asset operating at its present condition (as opposed to improving the asset). Fixing non-consummable things in the machine. These things are less frequently replaced. | |||
** Example: cleaning fluid, belts. | |||
* Small Equipment - Tools or permanent improvement to tools or area. | |||
