We've got them on anything big/expensive enough to be considered an accounted capital expense at work. Basically a tag with an ownership stamp (eg property of company blah) and a serial number for accounting to keep track of where the item is and when it enters and leaves service. Ours are usually stamped with a reminder to turn the tag in if the asset is scrapped or not to scrap the asset without notifying accountingWhat's an asset tag?
Almost! $495 in 1970 equals $3,236.85 in 2018 according to the inflation calculator below:Imagine what $495 would be in today's dollars! Probably in excess of $4,000 ---