Glossary definition

What are zombie and ghost assets?

Q: What are zombie and ghost assets?

Zombie assets Zombie assets are assets that exist within a company but were never added into a depreciation schedule on the company's balance sheet. Ghosts assets Ghost assets are those that are visible on the balance sheet but can't be physically located. A business can easily carry tens of thousands of dollars in untracked assets if the asset lifecycle isn't monitored closely or analyzed frequently. A fixed assets tracking solution allows a business to dispose of, retire, and transfer assets easily.

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Zombie assets

Zombie assets are assets that exist within a company but were never added into a depreciation schedule on the company’s balance sheet.

Ghosts assets

Ghost assets are those that are visible on the balance sheet but can’t be physically located. A business can easily carry tens of thousands of dollars in untracked assets if the asset lifecycle isn’t monitored closely or analyzed frequently. A fixed assets tracking solution allows a business to dispose of, retire, and transfer assets easily.