Composite Asset
A composite asset is an asset necessarily assembled from or compromised of assemblages and/or components.
A sedimentation tank is a good example of a composite asset. A typical sedimentation tank like the one shown below is made up of structural components such as a reinforced concrete tank & steel guard rails, together with pipework and mechanical & electrical parts.
External Links & References
- An Asset Valuation Manual for Queensland Local Governments
- Google Search