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welcome back to our youtube channel lets learn more with fun today i am going to talk about fix as a register or property plant and equipment register fixes and register is nothing else it is simply a list of fixed assets kept in a business i am going to show you a simple format for the fixed asset register but you may include any other items as well say basically serial number unique code every asset we can create a unicode and then description of the asset purchase date cost depreciation and say opening balance of the asset additions disposes close imbalance opening balance of the depreciation the depreciation for the year depreciation disposes closing balance and the net book value this is a simple format of the fixed asset register today i want to show you where some people make mistakes when using the fix as a register say after four years for an example this particular asset is fully depreciated i am going to take the example after four years right say that we are going to purch