Asset Management

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Definition:

Term has different usages in different industries. In some industries, such as retail, this may refer to processes for maximizing the revenues from returns and overstocks. In capital-equipment-intensive industries, such as oil drilling, it refers to the reconditioning and reuse or salvage of the capital equipment.

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Best Practices:

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GAAP- Generally Accepted Accounting Principles:

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XBRL Tag: