Column B in the tax codes section contains a list box which enables users to specify whether appropriation needs to be applied in the tax allowance calculations for the particular tax code. If appropriation is applied the "Yes" option is selected , it means that the tax allowance calculation will take the effect of partial years into account.

If appropriation is not applicable the "No" option is selected , the tax allowance will be based on a full year regardless of when an asset is acquired. Example: An asset with a cost of 10, is acquired in December by a business with a February year-end. A full year's tax allowance will therefore be written off in December and each subsequent year which means that the tax allowance for the first year would be 2, This is because appropriation would apply and the tax allowance calculation will therefore only include 2 months.

The tax allowance percentages in column D to H are used to calculate the appropriate tax allowance amounts for the assets that are linked to the particular tax codes. You will therefore only be able to specify tax percentages for 5 years and if a longer period is applicable, the year 5 percentage will be used for all subsequent annual periods until an asset is fully written off for tax purposes.

Note: The 5Y Total and AF columns contain formulas which should be copied for all new tax codes that are added to the Set-up sheet. It is imperative that these formulas are copied for all new tax codes otherwise some of the tax calculations may not be accurate.

The AF column contains an appropriation value which is based on the selection in column B. The input error codes at the bottom of the Set-up sheet are included for information purposes only and provide users with a reason for the error codes that may be encountered when entering transactions on the Assets and Transact sheets. These error codes are covered in more detail in the Error Codes section of these instructions.

Each individual fixed asset must be added to the Assets sheet by assigning an asset number to the fixed asset. The Assets sheet is in actual fact a comprehensive fixed asset register which contains all the individual assets that form part of the fixed assets register. All fixed asset transactions need to be recorded on the Transact sheet and the Category and Class sheets contains summaries of all the appropriate asset groups.

A unique asset number must be created for each fixed asset on the Assets sheet. You can use any asset numbering convention but we strongly recommend using a combination of letters and numbers as illustrated in our example data. We have used an asset numbering convention which starts with two letters followed by a hyphen and five numbers.

The letters can be used to distinguish between different asset categories or classes. Note: All fixed assets must be added to the Assets sheet by assigning a unique asset code to the particular asset. The acquisition of the asset then needs to be recorded on the Transact sheet after which the appropriate values will be reflected on the Assets sheet. Users therefore need to create asset codes for all their assets and record acquisition transactions for all assets on the Transact sheet.

All the columns on the Assets sheet with yellow column headings require user input while the columns with light blue column headings contain formulas which are automatically copied for each new asset that is added to the sheet.

The following user input is required on the Assets sheet: Asset Number - enter a unique asset number for each fixed asset in this column. Duplicate asset numbers may result in inaccurate calculations and it is therefore imperative that each fixed asset has a unique asset number.

Asset ID Number - enter an asset identification number in this column. This number should preferably be applied to the asset in order to facilitate physical verification of assets and assist in identifying each fixed asset that is included in the fixed asset register.

Description - enter a comprehensive description of the asset in this column. The asset description should enable users to easily identify the asset and should assist users in distinguishing between similar assets. Asset Type - select an asset type from the list box. This column assists in identifying leased assets and the list boxes in this column therefore include an owned and leased option.

Category - select an asset category from the list box in this column. All the asset categories that are created on the Set-up sheet are available for selection. Each asset needs to be linked to an asset category which is linked to an asset class in the Asset Category section on the Set-up sheet. Tax Code - select a tax code from the list box in this column. All the tax codes that are created on the Set-up sheet are available for selection.

Note: All the columns on the Assets sheet have been included in an Excel table. This feature is extremely useful when entering data in a table format because the formulas that are included in calculated columns the columns with a light blue column heading are automatically copied when new rows are inserted into the table or when data is entered into the first blank row below the table.

You can therefore enter a new transaction by simply entering an asset number in column A - the table will then automatically be extended to include the new asset number. All the columns with light blue column headings contain calculations which are based on the review date that is entered in cell E2. The date that is entered in this cell therefore determines which transactions are included in the asset balance and depreciation calculations.

It is therefore imperative that you enter the correct date in this cell when reviewing the fixed asset register. The cell range from cell H2 to cell K2 displays the appropriate year-to-date YTD and month-to-date MTD from and to dates which are in effect based on the review date that is specified in cell E2.

Note that all the template calculations are based on month end dates - even if you enter a review date that does not fall on a month end, the template calculations will still include all the transactions and depreciation calculations for the entire month. The YTD periods are determined based on the year-end period that is selected in cell C7 on the Set-up sheet. All the YTD asset balances and depreciation calculations will therefore be calculated automatically based on the review date and the year-end period that has been specified.

Note: The review date makes it easy to roll the template forward or back for any subsequent or previous month and all the template calculations are updated automatically.

You can therefore simply enter a new date in cell E2 and all the calculations on all the sheets in the template are automatically updated. The Assets sheet contains 52 calculated columns which all have light blue column headings. The calculations in these columns are all based on the transactions that are entered on the Transact sheet and some of the calculations are for information purposes only while others form an integral part of the fixed asset register.

We'll now briefly cover the purpose of each calculated column: The following columns are included for information purposes only: Error Code - if there is a problem with the input in any of the user input columns, an error code will be displayed in this column. Refer to the Set-up sheet for a description of each error code and to the Error Code section of these instructions for more information about the reason for the error code that is displayed.

Class - this column contains the asset class that the asset is linked to. The asset class is determined by the asset category that is selected in column E and each asset category is linked to a single asset class in the Asset Category section on the Set-up sheet. Acquisition Date - the asset acquisition date is displayed in this column. After creating an asset number, an acquisition transaction needs to be recorded on the Transact sheet in order to record the acquisition of the asset.

If an acquisition transaction has not been recorded for the particular asset, this column will contain an "add! Last Trn Date - this column contains the date of the last transaction that has been recorded for the appropriate asset. If no transaction has been recorded, the column will contain an "add! Current Trn Date - this column contains the date of the last transaction for the asset that is dated before the YTD To Date which is displayed in cell I2.

It therefore represents the last transaction that has been recorded before the current period end. It therefore represents the last transaction that has been recorded before the end of the previous financial period. It therefore represents the last transaction that has been recorded before the end of the previous month. Disposal Date - if an asset has been disposed of, the date of disposal as per the Transact sheet will be displayed in this column.

Note that a disposal transaction has to be recorded on the Transact sheet for all asset disposals. Proceeds on Disposal - if an asset has been disposed of, the proceeds on disposal as per the Transact sheet will be displayed in this column. Historical Cost - the historical cost of all assets that have been acquired before the end of the current financial period is displayed in this column. The historical cost is defined as the transaction amount of the acquisition transaction that is recorded on the Transact sheet for the particular asset.

Active Lifetime - the lifetime that has been recorded on the Transact sheet for the most recent transaction that is dated before the current period end is displayed in this column.

Active Res Value - the residual value that has been recorded on the Transact sheet for the most recent transaction that is dated before the current period end is displayed in this column. Tax Cost - the tax cost of the asset is displayed in this column. The tax cost is the same as the historical cost of the asset. This column will only contain a value if the asset has been acquired before the current period end. This percentage is dependent on the tax code that has been selected in column F and the annual tax percentages that have been defined for the particular tax code on the Set-up sheet.

If a tax code has not been selected in column F, a "code? Elapsed Months PY - the value in this column indicates the number of months that have elapsed since the acquisition of the asset up to the end of the previous financial period. A value will only be displayed for assets that have not been disposed of before the end of the previous financial period. Elapsed Months CY - the value in this column indicates the number of months that have elapsed since the acquisition of the asset up to the end of the current financial period.

A value will only be displayed for assets that have not been disposed of before the end of the current financial period. Elapsed Months PM - the value in this column indicates the number of months that have elapsed since the acquisition of the asset up to the end of the previous month. A value will only be displayed for assets that have not been disposed of before the end of the previous month. Assets at Cost: AC Opening Balance - the opening cost or gross carrying value of the asset at the beginning of the current financial period is included in this column.

Additions - if an asset has been acquired during the current financial period, the cost of the asset is included in this column. The cost of the asset is entered as the transaction amount when recording an acquisition type transaction on the Transact sheet. Revaluations - if an asset has been revalued during the current financial period, the adjustment in the gross carrying value or the cost of the asset if the asset has not been revalued previously is included in this column.

Note that this adjustment is only calculated based on the gross carrying value of the asset - if you want to recalculate the revaluation surplus or impairment, the Revaluation column in the Accumulated Depreciation section also needs to be taken into account.

Disposals - if an asset has been disposed of during the current financial period, the gross carrying value or the cost of the asset if the asset has not been revalued previously is included in this column as a negative value. This effectively means that the gross carrying value of the asset is removed from the fixed asset register.

Impairment - if an asset has been revalued during the current financial period at a value that is lower than the current net carrying value, the impairment amount is included in this column. Note that in some instances, a negative value may also be displayed in the Revaluations column which will be offset by a negative value in the Revaluations column in the Accumulated Depreciation section. This is simply because the impairment is calculated based on the net carrying value which therefore necessitates adjustments to the Cost and Accumulated Depreciation values in order to adjust the gross carrying value the Cost section to the correct values after revaluation.

AC Closing Balance - the closing cost or gross carrying value of the asset at the end of the current financial period is included in this column. Accumulated Depreciation: AD Opening Balance - the opening accumulated depreciation balance of the asset at the beginning of the current financial period is included in this column. Depreciation - Cost - the year-to-date depreciation on the historical cost of the asset is included in this column.

The amounts in this column are calculated on the Transact sheet. For revalued assets, only the portion of the depreciation that relates to the historical cost of the asset will be included in this column. Depreciation - Revaluation - the year-to-date depreciation on the revaluation of the asset is included in this column. The amounts in this column are calculated by deducting the depreciation on the historical cost of the asset from the total year-to-date depreciation.

Both of these amounts are calculated on the Transact sheet. If an asset has not been revalued, the value in this column will be nil. Depreciation - Total - the total year-to-date depreciation on the asset is included in this column. All the amounts in this column are calculated on the Transact sheet.

Acc Depr - Revaluations - if an asset has been revalued during the current financial period, the accumulated depreciation as at the date of the revaluation is included in this column as a negative value. This is because we write off the accumulated depreciation to a revaluation reserve and this value together with the revaluation adjustment in the Cost section form the revaluation surplus for an asset.

Acc Depr - Disposals - if an asset has been disposed of during the current financial period, the accumulated depreciation as at the date of the disposal is included in this column as a negative value.

This effectively means that the accumulated depreciation of the asset is removed from the fixed asset register. AD Closing Balance - the closing accumulated depreciation balance of the asset at the end of the current financial period is included in this column.

Total Net Carrying Value: Closing Carrying Value - the difference between the closing cost or gross carrying value of an asset and the closing accumulated depreciation balance is included in this column. The amounts in this column reflect the "book value" of an asset at the end of the financial period.

Revaluation Reserve: RR Opening Balance - the amounts in this column reflect the revaluation reserve opening balances at the beginning of the current financial period. Revaluation Surplus - if an asset has been revalued during the current financial period at a value that is higher than its net carrying value at the date of revaluation, the revaluation surplus is included in this column.

Note that if an asset is revalued at a value that is less than its net carrying value, an asset impairment amount will be included in the Impairment Write-Offs column and the revaluation surplus will be nil.

RR Depreciation - Revaluation - the year-to-date depreciation on any revaluations that may have been made to an asset in the past is included in this column. This means that we effectively write-off the depreciation on revaluations against the revaluation reserve balance instead of allocating these depreciation amounts to the income statement. RR Closing Balance - the amounts in this column reflect the revaluation reserve closing balances at the end of the current financial period.

Income Statement Items: Impairment Write-Offs - if an asset has been revalued during the current financial period at a value that is lower than its net carrying value at the date of revaluation, the asset impairment amount is included in this column. Note that if an asset is revalued at a value that is higher than its net carrying value, a revaluation surplus will be included in the Revaluation Reserve section and the asset impairment amount will be nil.

The profit or loss on disposal is calculated as the difference between the proceeds on disposal which is recorded on the Transact sheet and the net carrying value book value of the asset.

If the asset that is sold has been revalued, any revaluation reserve that may exist on the date of disposal is also included in the profit or loss calculation. Current Month Depreciation: Cost - this column includes the depreciation on the historical cost of an asset for the current month. The appropriate month is determined by the review date that is specified in cell E2. The current month depreciation on historical cost is calculated on the Transact sheet.

Note that this column will only contain a value if the historical cost of an asset has not been fully depreciated. Revaluation - this column includes the depreciation on any revaluations that may have been performed on an asset and is calculated as the difference between the total depreciation for the current month and the depreciation based on the historical cost of an asset. Total - this column includes the total depreciation of an asset for the current month.

The current month total depreciation is calculated on the Transact sheet. Note that this column will only contain a value if the gross carrying value or historical cost for assets that have not been revalued of an asset has not been fully depreciated.

Carrying Value at Historical Cost: HC Opening Balance - this column includes the book value of an asset based only on historical cost calculations at the beginning of the current financial period. All revaluations are ignored for the purpose of this calculation. HC Closing Balance - this column includes the book value of an asset based only on historical cost calculations at the end of the current financial period.

Tax Values: TV Opening Balance - this column includes the tax value of the appropriate asset at the beginning of the current financial period. All tax value balances are calculated by deducting the appropriate tax allowances based on the tax code that is selected in column F from the tax cost historical cost of an asset. For most assets that have been acquired before the beginning of the financial period, these amounts will equal the tax allowances for the period.

If an asset has been acquired during the current financial period, the YTD movement will equal the cost of the asset less the appropriate tax allowances for the period. If an asset has been disposed of during the current financial period, the YTD movement will equal the opening tax value. TV Closing Balance - this column includes the tax value of the appropriate asset at the end of the current financial period. For most assets that have been acquired before the beginning of the current month, these amounts will equal the tax allowances for the period.

If an asset has been acquired during the current month, the MTD movement will equal the cost of the asset less the appropriate tax allowance for the month. If an asset has been disposed of during the current month, the MTD movement will equal the tax value at the beginning of the month.

Deferred Taxation: DT Opening Balance - this column includes the deferred tax balance at the beginning of the current financial period. Deferred tax balances are calculated as the difference between the carrying values at historical cost and the tax values multiplied by the appropriate tax rate which is specified on the Set-up sheet. Positive values represent deferred tax assets and negative values represent deferred tax liabilities.

DT Closing Balance - this column includes the deferred tax balance at the end of the current financial period. All the column headings on the Assets sheet contain a filter selection arrow.

These selection arrows indicate that the Filter feature has been activated on the sheet. The Filter feature can be used to filter the data on the sheet in order to display only certain asset records on the sheet. We have also included totals above all the column headings that contain amounts. These totals have been calculated by using the SUBTOTAL function which means that if the data on the sheet is filtered, the totals that are calculated will only include the filtered records.

The Filter feature can therefore be used to obtain totals based on the filter criteria that are specified by the user and also enables users to view the detailed fixed asset records that make up the summary totals on the Category and Class sheets.

Example: If you want to obtain the fixed asset register totals for all leased assets, you can simply click the selection arrow next to the Asset Type column heading and select the Leased option. The sheet will be filtered and only the leased assets will be visible on the sheet. The totals will also only include the leased assets. Example: If you want to view the detailed asset records that make up one of the category or class totals on the Category or Class sheets, simply click the filter selection arrow next to the Category or Class column headings column E or column H and select the appropriate category or class.

The sheet will be filtered and only the asset records for the selected category or class will be visible on the sheet. The totals will also only include the appropriate amounts for the selected category or class. Note: After reviewing the filtered data, you need to clear the filter in order to display all the asset records on the sheet. A filter can be cleared by simply clicking the selection arrow next to the appropriate column heading again and clicking the "Select All" option.

All asset transactions must be recorded on the Transact sheet. There are basically 3 types of transactions that can be recorded namely acquisitions, disposals and revaluations. An asset transaction can be recorded by entering the required data into the user input columns - the column headings of all user input columns contain a yellow cell background while the column headings with a light blue cell background indicate that these columns contain formulas which are automatically copied for all new transactions that are added to the sheet.

Note: Recording an asset number on the Assets sheet will have no effect in terms of recording the cost of an asset in the fixed asset register.

An acquisition transaction needs to be recorded on the Transact sheet for each fixed asset that is acquired before the appropriate asset values will be included in the fixed asset register on the Assets sheet and the summaries on the Category and Class sheets. Note: All the columns on the Transact sheet have been included in an Excel table. You can therefore enter a new transaction by simply entering a transaction date in column A - the table will then automatically be extended to include the new transaction.

The following user input is required in the user input columns on the Transact sheet the columns with yellow column headings : Transaction Date - enter the date of the transaction. Transaction Type - select the transaction type from the list box. The ACQ option should be selected for all asset acquisitions, the DIS option should be selected for all asset disposals and the REV option should be selected for all revaluations of fixed assets.

Asset Number - select the appropriate asset number of the asset to which the transaction relates from the list box in this column. All the asset numbers that have been added to the Assets sheet will be available for selection. You therefore need to create an asset number for the appropriate fixed asset on the Assets sheet before you will be able to record any transactions for the particular fixed asset.

Supplier - enter the name of the supplier from which the asset has been acquired. If a disposal transaction is recorded, you can enter the name of the customer in this column.

For revaluations, you can simply enter "None". Document Number - enter the document number of a supporting document which will enable you to trace the transaction back to its supporting documentation. For acquisitions, this should be the supplier invoice number and for disposals, the customer invoice number. For revaluations, you can simply enter text like "Revalue". Amount - enter the transaction amount in this column. For acquisitions, the supplier invoice amount should be entered exclusive of any sales tax that may be applicable.

For disposals, a nil amount should be entered in this column. For revaluations, the value of the asset should be entered in this column - this should be the new value of the fixed asset and not the difference between the valuation and the previous historical cost or gross carrying amount! Lifetime in Years - enter the estimated lifetime of the asset in years for all acquisition and revaluation transactions in this column.

For disposals, enter a nil value in this column. Note that if an asset should not be depreciated, a nil lifetime also needs to be specified in this column. Residual Value - this value should be the estimated valuation of an asset at the end of the lifetime that is specified in the previous column. If the asset will have no value at the end of its estimated lifetime, enter nil.

A nil value should also be entered for all disposal transactions. Proceeds on Sale - if a disposal transaction is being recorded, enter the proceeds on the disposal of the asset in this column. The proceeds should equal the total amount that is received for the asset. If an asset is being scrapped, enter nil in this column. A nil value should also be entered for all acquisition and revaluation transactions. The Transact sheet also includes 38 calculated columns - the column headings of all the calculated columns contain a light blue cell background.

All of these columns contain formulas which are automatically copied for all new transactions that are added to the sheet.

We'll now briefly cover the purpose of each calculated column: Error Code - if there is a problem with the input in any of the user input columns, an error code will be displayed in this column. Category - the asset category is looked up on the Assets sheet based on the asset number that is specified in column C. This column is included for information purposes only.

Transaction Date ID - the formula in this column assigns a time to each transaction date based on the row number of the transaction.

This means that each transaction will have a unique date even if two transactions that relate to the same asset are recorded on the same date. Previous Trn Date - this column indicates the date of the previous transaction for the specified asset number.

Next Trn Date - this column contains the next transaction date for the selected asset. If there is no transaction after the current transaction, the day after the YTD To date on the Assets sheet will be included in this column. Depr End Date - this column contains the date on which the depreciation period for the transaction will end. This date is determined by adding the lifetime of the asset to the transaction date.

Depr YTD From Date - the date from which the current financial period depreciation is calculated is included in this column. Depr YTD To Date - the date up to which the current financial period depreciation is calculated is included in this column. Transaction Amount - this column contains the transaction amount that is specified in column F.

Asset Historical Cost - this column contains the historical cost of the appropriate asset. The historical cost is defined as the transaction amount of the acquisition transaction that is recorded for an asset.

Current Lifetime - the current lifetime of the asset as specified in column G is included in this column. Current Residual - the current residual value of the asset as specified in column H is included in this column.

Previous Deemed Cost - the gross carrying value of the previous transaction for the selected asset is included in this column. Previous Residual Value - the residual value that was specified in the previous transaction for the selected asset is included in this column. Previous Lifetime - the previous lifetime that was specified in the previous transaction for the selected asset is included in this column. Current Accum Depr - the total accumulated depreciation that has been written off between the previous transaction date and the current transaction date for the selected asset is included in this column.

Current Carrying Value - the amounts in this column are calculated as the difference between the previous deemed cost and the current accumulated depreciation.

Accum Depr: Cost - the accumulated depreciation based only on the historical cost of the asset which has been written off between the previous transaction date and the current transaction date for the selected asset is included in this column. Accum Depr: Revaluation - the difference between the total accumulated depreciation and the accumulated depreciation based on only the historical cost of the asset is included in this column and represents the accumulated depreciation that has been written of on the revaluations that have been applied to the selected asset between the previous transaction date and the current transaction date.

Previous Revaluation - this column contains the revaluation reserve balance before taking any effect that the current transaction may have on the revaluation reserve balance into account. Revaluation Surplus - if the selected transaction is a revaluation and the transaction amount that is specified in column F is greater than the current carrying value in column AA, the revaluation surplus amount is included in this column. Note that this calculation may also be influenced by any previous impairments that may have been recorded against the selected asset number.

Current Revaluation - this column includes the revaluation reserve balance after taking the effect of the current transaction into account. Previous Impairment - this column contains the total of any impairment amounts that have been recorded for the selected asset before taking the effect that the current transaction may have into account.

Impairment Value - if the selected transaction is a revaluation and the transaction amount that is specified in column F is less than the current carrying value in column AA, the asset impairment amount is included in this column as a positive value. If an asset is revalued at a value that is greater than the current carrying value and an asset impairment was previously recorded for the selected asset, the impairment will be reversed to the extent that the revaluation reserve is greater than the previous impairment value and the amount of the reversal will be reflected as a negative value in this column.

The profit or loss is calculated by deducting the current carrying value of the asset from the proceeds on disposal that is recorded in column I. Note that if the revaluation reserve for the asset is greater than nil, the revaluation reserve will also be included in the calculation of the profit or loss on disposal.

This means that the reserve balance is effectively released when an asset is disposed of. This calculation is based on the gross carrying value of the asset, the lifetime of the asset and the YTD depreciation months which is calculated in column R.

This calculation is based on the historical cost of the asset, the current lifetime of the asset and the YTD depreciation months which is calculated in column R. Accum Depr at PY Cost Bal - the calculations in this column forms part of the calculation of the accumulated depreciation on the historical cost of an asset as at the beginning of the financial period. Accum Depr at Cost PY - the calculations in this column forms part of the calculation of the accumulated depreciation on the historical cost of an asset as at the beginning of the financial period.

Depr: Cost by Transaction - the calculations in this column indicate how much of the historical cost of an asset is depreciated as a result of each transaction. This calculation forms an integral part of the YTD and accumulated depreciation on historical cost calculations. Note that the month to which the calculation is applied is determined by the review date that is entered in cell E2 on the Assets sheet. Accum Depr Total at PM - the amounts in this column reflect the total accumulated depreciation as at the beginning of the current month.

This calculation forms part of the total depreciation for the current month calculation. MTD Total Depr at Cost - the calculation in this column forms part of the calculation of the depreciation on historical cost for the current month. MTD Cost Depreciation - this column contains the calculation of the depreciation on the historical cost of an asset for the current month. Note that the current month is determined by the review date that is specified in cell E2 on the Assets sheet.

Accum Depr Cost at PM - this calculation reflects the accumulated depreciation on the historical cost of an asset as at the beginning of the current month. The calculation forms an integral part of the calculation of the depreciation on historical cost for the current month. Note: Only one acquisition transaction can be recorded for each asset because an asset can only be acquired once.

If an asset is scrapped which is recorded as a disposal and subsequently needs to be added back to the fixed asset register, a new asset number should be used for this purpose. The recording of duplicate asset acquisitions will result in an input error in the Error Code column and may also result in inaccurate template calculations. Note: All the depreciation, accumulated depreciation, tax allowance and deferred tax calculations that form part of the fixed asset register are automated and you therefore do not need to record any transactions in order to record any of these amounts.

Also note that all the automated calculations in this template are based on the review date that is specified on the Assets sheet. Basic Fixed Assets Register Example 9. Fixed Asset Register in Excel Formal Fixed Asset Register Template Fixed Asset Register Format This register is mainly drafted to record all the details that are concerned with the fixed asset.

Step 2: Identification of the Fixed Asset For drafting a successful, fixed asset register, all the information regarding it needs to be clear, complete and correct. You can identify the fixed assets by looking at the balance sheet. Step 3: Methods of Organizing the Fixed Asset After you are done with listing down all the fixed assets device for a way that can help you with the organization process. According to your preference, you can draft a hardcopy or a virtual register.

Step 4: Creating an Account Different categories of fixed assets will require separate accounts. Make sure that you assigning each asset its own space. If the register is a physical copy then every asset should have a separate page. In case it is a spreadsheet then have a separate column for the separate asset. Step 5: Depreciation Method Formulate your depreciation method according to the depreciation period of the assets.

Each asset depreciates or loses its value over time. College Fixed Asset Register Template www3. Download this College Fixed Asset Register Template and prepare an asset tracking register that can help in the tracking process. Maintenance of Fixed Asset Register Example hprural. In this PDF format template, you can see the guideline that has been provided in case of managing the fixed asset by a public service organization for rural development.

Similarly, you can create a schedule for managing your fixed asset tracking following those guidelines. Fixed Assets Register Example comfsm. In this Fixed Assets Register Example template you are getting the example of the fixed asset managed by a college for a very long time. Using this as a base, edit the content and modify it to get your asset inventory. Fixed Assets Register Template padburyparishcouncil. Then go for this Fixed Assets Register Template and prepare the give your sample asset register this structure.

As you can see in this template you can provide the asset description, location, facilities, and the valuation. There are four columns that are provided in this template. You can change the labels of these columns if you want since the whole template is customizable. In simple terms, the register acts as a manager of all the fixed assets of the company. Download this sample asset template that can help you to draft a complete and comprehensive register for your fixed assets.

Sample Fixed Assets Register Template sanjayaditya.