Assessment 1 and 3 physical resources




Assessment 1 and 3 physical resources

Assessment 1 Project

Question 1

Physical resources are the resources that are made by man through his abilities and skill. The buildings, technology, and many more products that are made by man is an example of physical resources. This resource helps organisational daily activities become easy.

The different types of physical assets are:

  • Cash – cash and other financial items are also considered physical assets because cash is tangible.
  • Equipment – any equipment that can be sold for cash are considered physical assets. Equipment such as computers, printers, telephone systems and other industry specific equipment are physical assets.
  • Inventory – stock and supplies are the main inventories that these businesses have.
  • Properties – any properties such as warehouses, retail locations or manufacturing plants are considering physical assets.
  • Question 2

    Question 3

    The format and Inclusions of an Asset Register are:

  • Asset Identification Number
  • Description of asset
  • Quantity of each asset
  • Manufacturer or Supplier of each asset
  • The warranty expiration date of each asset
  • Date the Asset was Received
  • Cost of asset
  • Date the asset was used
  • Assets depreciation method
  • Asset current value
  • Assets current location of storage
  • Date of disposal
  • Question 4

    Question 5

    Straight-Line Depreciation

    This is the most simplest depreciation because it is very easy to calculate and monitor. The easiest example to use is a car with a straight-line depreciation for $2000 each year. This means that every year, the car will depreciate or lose value by $2000. So in 5 years, the car will have depreciated in value by $10,000.

    Double Declining Depreciation

    This is generally when the depreciation amount doubles each year. This is a type of accelerated depreciation and means that the value of the product reduces very quickly. So if the products value depreciates by $2000 the first year. This will mean that the second year depreciates by $4,000. The 5th year, it will depreciate by $32,000 and a total of $62,000.

    Composite Depreciation

    This is similar to straight-line depreciation however can be used for more than one physical asset.

    Question 6

    Sustainability is a very effective way of saving money, by reducing the amount of resources used. The most common example would be reducing the amount of energy consumed to save money on electricity bills.

  • Buy things like energy saving light bulbs
  • 4-5 star energy rating appliances
  • Use less paper and send emails more
  • Turn off lights and electronics when not using them
  • Recycling paper, plastics, glass, metal, electronics
  • ......

    Assessment 1 and 3 physical resources
    Last updated: Sep 2023

    Page 1

    Assessment 3 – Case Study

    Physical Assets Register Table

    Maintenance Implementation Schedule

    Financing options

    10 points for the sustainability policy

    The scope of the sustainability policy is to:

  • Provide a framework for environmentally sustainable and responsible practices, activities, and operations at the restaurant
  • This policy will be implemented with the help and support of the Environment Sustainability Initiative to ensure that the restaurant meets its environmental legislation and regulatory obligations.
  • Gather Information

    3 pillars of Sustainability

  • Society
  • Environment
  • Economy
  • Ways of reducing wastage

  • Monitoring water usage
  • Electricity usage
  • Insulation
  • Purchasing more efficient appliances that require less energy to run
  • Recycle any reusable products
  • Consultation with Stakeholders

    During the consultation we identified that The restaurant also uses utilities like water, energy, money etc. Therefore, the resources that the restaurant uses are:

  • Water – water is used for cleaning equipment. Also used for consumption.
  • Electricity – for lights – appliances etc.
  • Drinks – coke, water, alcohol drinks
  • Money – money for paying supplies and utilities etc.
  • Labour – hiring the labour such as the teachers, front office, janitor
  • Draft Sustainability Policy

    Restaurant Sustainability Policy

    The following principles support the Restaurant Environmental Sustainability Policy in undertaking our commitment towards environmentally sustainable campuses:

  • Incorporating sustainability principles into all restaurant activities and decision making at all levels
  • Identifying alternative and sustainable courses of action to minimise the restaurant‘s environmental impact
  • Creating and promoting an environmentally sustainable and responsible culture across the community
  • Setting rolling, sustainable and feasible targets to reduce the restaurant’s environmental impact and use of resources
  • Committing to continuous improvement of environment performance at the restaurant
  • The intent of this policy is to take advantage of current research and the knowledge of the restaurant to improve the environmental sustainability of restaurant.

    This sustainability policy operates to reduce the following resources:

  • Water
  • Waste
  • Energy
  • ...

    Assessment 1 and 3 physical resources
    Last updated: Sep 2023

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