What details about a non-current asset might be included in an asset register?

October 16th, 2010 Comments off
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Some major details which should be included in an Assets Register:-

  • Date of purchase
  • Description
  • Original cost
  • Depreciation rate and method
  • Accumulated depreciation to date
  • Date and amount of any revaluation
  • Value of improvement to the asset

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Financial Accounting


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