What is an Asset Register? • An asset register stores vital information about a company’s assets. • It records all types of tangible and intangible assets. • An asset register also records movable and immovable assets. • It helps industrial owners in short term and long term planning.
An Asset registers record general asset information which includes: • Product description • Date of purchase • Cost of product • Product installation charges • Estimated lifetime • Warranty coverage • Resale value • Periodic maintenance cost
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