CIMA BA3 Syllabus B. RECORDING ACCOUNTING TRANSACTIONS - Asset register - Notes ^{26 / 35}

An asset register is used to record all non-current assets and is an internal check on the accuracy of the nominal ledger.

For example, an asset may have been scrapped and the asset register updated, but the asset has not yet been written off in the accounting records.

In an asset register, the following details about each non-current asset are found:

• Purchase date

• Cost depreciation method

• Estimated useful life

• Carrying amount

• Description of asset

• Location of asset

• Internal reference number

• Manufacturer’s seriel number

• The current value of the asset