Fixed Asset Register

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Hello,

 

I am supporting a Power Transmission Company in preparing a Fixed Asset Register. However, the key challenge is that in many of the assets year of construction or purchase price/ construction cost is not available. Request your guidance on the assumptions to be taken for the same. 

Thanks

 

Replies (2)
What is the purchase cost.
present wdv
chk the amount of deprec.
back calculate and ascertain.
You try to get a copy of working from statutory auditor.

You can ask the HEAD also for putting some efforts to retrieve old records.

It is amazing company not maintaining FA register. Must be a remark / note by Auditor in their report. By the way how old is Company ??


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