Fixed asset register contains the list of all the fixed assets a business owns.The purpose behind maintaining is to keep track of book value of assets and depreciation.
The purpose behind maintaining is to keep track of book value of assets and depreciation. It can be equally used to maintain identification of each asset which can serve the purpose at the time of fixed asset verification. You can find the details like its date of purchase, cost, purchase date, salvage value, depreciation rates, its specifications etc.
There are many ways to maintain fixed asset register starting from manual paper register to sophisticated software's as a service by which PiLog recommends its strategic service to maintain Fixed Asset Register.
