An asset register is a comprehensive record of an organization’s fixed assets. It is a list of all the physical and tangible assets owned by a business, including buildings, machinery, furniture, equipment, and any other item of value. It also includes intangible assets such as intellectual property, copyrights, and trademarks. The asset register is an important tool for businesses as it provides a detailed overview of the company’s financial position and helps to identify any areas of risk. It also allows for accurate accounting of assets and can be used to calculate depreciation and amortization. The asset register should be regularly updated to ensure accuracy and to keep track of any changes in the company’s assets. The asset register should also include details such as the purchase date, cost, and expected useful life of each asset. This information can be used to calculate the current value of the asset and to assess the performance of the asset over time.