What is assets register? Assets register information ?

Q: What is an assets register? What should be included in the assets register?

Asset register: An asset register is a list of the assets owned by an organization. It contains details about each asset to track their value, condition, and physical location. The register shows the quantity and value of things like office equipment, vehicles, furniture, computers, and furniture fixtures. etc.

The following information should be included in an asset register.

1.  Name of the assets.

2.  Type of assets

3. Description ( IMEI and serial number must be mentioned for electronic devices such as Laptops, Mobiles, Tabs, etc.)

4.  Asset Tag number

5.  Purchase value.

6.  Date of Purchase.

7.  Asset Anticipated years of life.

8.  Assets Location.

9.  Name of user/Responsible.

10. Condition of the Assets

11. Disposal date

12. Reason for disposal.

13. Remarks.