Glencoe Accounting

Chapter 23: Plant Assets and Depreciation

Working in the Real World

In increasing numbers, companies are realizing the importance of managing their plant assets effectively. Plant asset management (PAM) systems monitor equipment as it ages, to prevent downtime in production and to minimize damage. Managing Automation offers an article on the benefits of a PAM at www.managingautomation.com/maonline/news/read/9240.

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