FIXED ASSETS REGISTER MAINTENANCE
A fixed asset register is a schedule lists all material assets owned by the business and documents the characteristics of each asset such as its purchase date, purchase cost, estimated useful life, written-down-value, the historical maintenance performed, future maintenance required, usage metrics, utilization rates and any independent valuation appraisals.This register is then kept up-to-date regularly to reflect any asset purchases, asset disposals or changes to asset related policies.