Asset Register
Assets are capital material for the company, this capital material counts in accounting language fix assets, this fix assets can be buildings, machinery, manufacturing equipments etc.. Asset register establishment and maintain is very important for the company to not only accounting concern but also its gives the values of company reputations. Hence assets is important parts that all the companies small scale to wide scale companies are maintaining asset register to manage values of the company properties, maintenance & replacement parts as per self life of asset.
For the asset register some basic fields are required which as below given example for reference:
Asset Head – Asset head is the accounting purpose and identification of asset’s category, this head gives identification / category of assets.
Asset Name – Name of asset.
Description of asset, all the concern information of asset.
Installation / Purchase date of asset, where and when this asset purchase and where installed.
Current Price – current market value of asset
Depreciation percentage – Annually percentage of depreciation on asset value are decide by company as per asset use and self life of asset to manage asset.
Depreciation per year in amount
EXAMPLES, SAMPLES & FORMATS
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