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Non-current assets: acquisition and depreciation
The non-current asset register
4.1 Purpose of the non-current asset register
The register is a list of non-current assets owned by the entity. It is not part
of the double-entry accounting system but is part of the internal control
system of the entity. The register enables key information relating to an
individual asset to be easily identified, such as its location, type/description
and cost.
4.2 Content of the non-current asset register
The register will contain detailed information relating to each individual non-current
asset.
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