Faculty of business department of accounting an assessment of fixed asset managementin the

Table 6: Description Table for Maintenance and Safeguarding of Plant Assets.
No
Item
No of
Percentage
respondents
1
Maintenance in AAU regarding to fixed assets
Yes
12
85.7
No
2
14.3
Total
14
100
2
Adequate safeguards to protect the items of fixed asset
from theft and fire
Yes
6
42.8
No
8
57.2
Total
14
100
Source; Questionnaire
In the above table, 85.7% of the respondents replay yesfor organization has repair and maintain 
its fixed assets and adequate safeguards to protect fixed asset from fire and theft; while the 57% 
said No, this result shows that the organization have a weakness to protect its fixed asset from 
theft and fire. The problem indicated here is lack of modern fire extinguisher materials, the
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warehouse, there is no continuous follow up and inspection of assets and misallocation of fixed 
assets. The organization didn’t provide maintenance and safeguarding for those plant assets.
Table 7 Evaluation in Capitalizing and Recording as a Fixed Asset
No of
Percentage
respondents
1
Once an item is capitalized, it is recorded as a 
part of a fixed assets inventory.
Strongly agree
3
20
Agree
4
28
Neutral
5
40
Disagree
2
12
Strongly disagree
-
-
Total
14
100
Source: primary data
Table 6 shows the degree of agreement by the respondents to the statement once an item is 
capitalized; it is recorded as a part of a fixed assets inventory. (20%) of supervisors strongly 
agrees, (28%) agrees, (40%) are neutral, (12%) disagrees none of the respondents strongly 
disagrees. When we see the non-supervisors response; (25%) strongly agrees, (48%) agrees, 
(24%) are neutral, the rest (3%) disagrees none of the respondents disagrees strongly. This shows 
that the organization have had a problem on the fixed asset management as well as recording.
Donated furniture and equipment that fall within the organization’s capitalization threshold are 
capitalized at their fair value and depreciated the same way as furniture and equipment that are
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purchased by the organization, according to the rules and regulation of the ministry of finance 
and GAAP.