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What is meant by the term Ghost Assets?

assets ghost meant term
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What is meant by the term Ghost Assets?

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Ghost assets are assets that were never physically inventoried; assets not used after a project completion; assets that have reached the end of their lifecycle and is still carried on the balance sheet which a company is paying taxes on, along with the expense of housing those assets (warehouse, office space). SurplusTracking will give you a global view of all internal and external asset acquisitions and distributions, which will allow you to make intelligent decisions that will reduce the cost of carrying those surplus assets on your balance sheet..

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