Assets will need to be classified into
major groups and sub-groups, and assigned the appropriate
depreciation method (prime cost, diminishing-value,
and variable).
Book and Tax depreciation values are
maintained separately for each asset, together with
written-down and residual values.
Asset additions, depreciation and disposals
are recorded by the system.
Free-format memo
notes may be recorded against each asset.
A stocktake facility
will enable asset labels to be printed and the location
of each asset confirmed/updated.
Standard
Reporting Available
Standard reports are available from the Asset
Register. These include: