15 May 2010
Please tell me the contents for Fixed Assets Register to be maintained by the manufacturing company. All experts are welcome to give their opinion on it. Thanks in advance.
16 May 2010
Some of the contents which are to be included (illustrative only) in Fixed Assets Register are >
1. Purchase Value 2. Special Expenses incurred for Installation and put to use necessary to make the asset ready to use. 2. Date of purchase of asset. 3. Date of put to use. 4. The depreciation value (including accumulated depreciation and yearly depreciation)and method of depreciation. 5. The record of additional purchase of any assets during the year. 6. Any capital expenditure to be incurred on the asset for repair and maintenance of capital nature. 7. The shifts for which the asset is use in order to avail depreciation on assets on which it is available.
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