Tifco will maintain a detailed record of the hotels fixed assets by recording depreciation and current asset values, in addition to providing a facility to evaluate the remaining useful life of the asset. Our management of the fixed asset register will include:

• Maintain a register of all assets and their locations
• Track expenses incurred for any asset
• Calculate depreciation in accordance with company policy
• Track maintenance history for each asset
• Calculate estimates of the remaining useful life of the asset
• Provide reports on disposals, revaluations and acquisitions
• Reconcile register to the balance held on the general ledger