Title: Record the purchase or sale of equipment and supplies.
Course: Agricultural Business Fundamentals I (18201-I) > Section: Understanding Agribusiness Structures and Procedures

Record should include

- inventory of current equipment and supplies
- value of equipment and supplies needed
- review of business records.

Process/Skill Questions:

- How does one justify buying a new computer system for an agricultural business?
- Why are warranties and maintenance agreements important when buying equipment and supplies?
- When should equipment be sold or traded?
- How does one determine the value of equipment?
- Why should one keep business records on equipment?