Enriched by our vast industrial experience in this business, we are involved in offering an enormous quality range of Asset Valuation Service.
Non-current or fixed assets are long-term or permanent business assets. Non-current assets include land, buildings, furniture & fixtures, computer equipment, plant and machinery, tools and motor vehicles. Usually Non-current assets are valued by deducting the accumulated depreciation from the original purchase cost. For example, if a business bought a computer for $2100 two years ago, this is a non-current asset and it''s subject to depreciation. If the accumulated depreciation for the computer is $1,000 over the 2 years, then the value of the asset now is $1,100. Sometimes, the depreciated value of a tangible asset is quite different to its market value. It''s important to verify the market values, particularly for high value assets.
Methods of valuation of assets:
Valuation of various assets can be made by using different methods. Valuation of fixed assets can be made in different ways. Some of the major methods are as follows: Cost method
In this method, valuation of assets is made on the basis of purchase price of the assets. It is very simple method of valuation of assets. Sometimes, existence of one asset depends on the existence of another. Then it is difficult to use this method.
Market value method
Valuation of assets can be made on the basis of market price of such assets. But if same nature of assets is not available in the market, it is very difficult to determine the value of such assets. So, there are two methods related to it.
Base stock method
Under this method of valuation, company should maintain certain level of stock and valuation of stock is made on the basis of valuation of base stock.
Standard cost method
Some of the business organizations fix the standard cost on the basis of their past experience. On the basis of standard cost, they make valuation of assets and present in the balance sheet.
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About the Company
Year of Establishment2005
Legal Status of FirmLimited Company (Ltd./Pvt.Ltd.)
Nature of BusinessRetailer
Number of Employees11 to 25 People
IndiaMART Member SinceAug 2003
As a leading Trader, Supplier, Service Provider, we are an innovative Auto ID & Data Capture Technology Company based in Dubai with operations in Middle East and India. "Technowave ID Systems Private Limited" was established in the United Arab Emirates in the Year 1999 with offices in Bahrain, Oman, Saudi Arabia and India. In 2005 we launched the in house Division at Cochin SEZ, India. Having started out with Retail Security Products the company has diversified into offering a broad range of Barcode/RFID based Enterprise Mobility Applications addressing specific business needs for Fixed Asset Tracking, Jewelry & Apparel Tracking, In-Store Automation – Inventory Tracking, Stock Count, Item Search and Warehouse Automation - WIP, Track & Trace, Linen Tracking being some of the Key offerings. Technowave ID Systems has forged strategic alliances with top global brands like Datalogic for its range of Barcode Scanners & Mobile PDTs, Nordic ID, Impinj and Omini ID for their RFID products and as an Advanced Partner for Zebra Technologies Corporation for its entire range of Barcode Label Printers, Motorola WiFI, Price Checker and Symbol PDTs. We represent Tyco Fire & Security for Sensormatic Electronic Article Surveillance Systems, Mobotics for IP Cameras, CP Plus, HIK Vision for Digital Surveillance, ESSL for Access Control/Time & Attendance and PRICER-Sweden for Electronic Shelf Labeling System and Delopt for People Counting Systems. Technowave ID Systems today is a 75 strong team of qualified and experienced professionals capable of meeting diverse needs in the AIDC Industry with a strong customer reference across industry segments including Retail, Supply Chain, Manufacturing, Hospitality, Healthcare and Government.