Question

The fixed assets and related depreciation of a company are currently tracked on a password-protected spreadsheet. The information technology governance committee is designing a new enterprise-wide system and needs to determine whether the current fixed asset process should be included because the current system seems to be working properly. What long-term solution should the committee recommend?

Answer 1

The committee should recommend incorporating the current fixed asset process into the new enterprise-wide system to improve efficiency and planning.

Step-by-step explanation:

The information technology governance committee should recommend incorporating the current fixed asset process into the new enterprise-wide system. By doing so, the company will have a centralized and secure method to track fixed assets and related depreciation, eliminating the need for a password-protected spreadsheet. This will allow for efficient long-term need and asset assessments, helping the committee plan for long-term programming and impact.