Why Maintain an Asset Register?

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ASSET REGISTER
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What is an Asset Register?

• An asset register stores vital information
  about a companys 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.

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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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