Accumulated Depreciation to Date; Condition assessment; Remaining Useful Life; Asset Impairment Losses; Depreciation charge for year; Carrying Value of Asset; Date Asset disposed of; Disposal Price; Asset Specific Identifiers and Descriptors The table below depicts a few of the fields recommended by the Local Government Capital Asset Management Guidelines compiled by National Treasury. In addition the table provides typical examples of the attribute as guidance when compiling the Fixed Assets Register; Table 2: Asset Identification Attributes Attribute Description Example > Community Assets > Market > Church Square Asset hierarchy As Per Asset Tree Market > Landscaping > Paved Areas/Walkways Asset Name Name of Asset Church Square Market Category Asset Type Paved Area Description Description of Asset Parking Lot Could be: Active, Status Decommissioned, Under Active Construction Physical Address/ 50 Business SQ, Westcliff, Or From GIS/GPS Location of Asset Chatsworth Property ID/ Title From Valuation Role N0FT00520000010600000 Deed Number Property Key/ Stand From Valuation Role 1531346 Number X Location From GIS/GPS -3310255.302 Y Location From GIS/GPS -100604756364.00 Construction Date Same as "Acquisition Date" 1990/06/30 Expected Useful Life Same as 20 “ Design Life” Structural Condition From Inspections 73.6% Index Method of Always Straight Line Straight Line Depreciation Inverse of Useful “Expected Depreciation Rate 5% Life”
Accumulated Depreciation to Date; Condition assessment; Remaining Useful Life; Asset Impairment Losses; Depreciation charge for year; Carrying Value of Asset; Date Asset disposed of; Disposal Price; Asset Specific Identifiers and Descriptors The table below depicts a few of the fields recommended by the Local Government Capital Asset Management Guidelines compiled by National Treasury. In addition the table provides typical examples of the attribute as guidance when compiling the Fixed Assets Register; Table 2: Asset Identification Attributes Attribute Description Example Asset hierarchy As Per Asset Tree > Community Assets > Market > Church Square Market > Landscaping > Paved Areas/Walkways Asset Name Name of Asset Church Square Market Category Asset Type Paved Area Description Description of Asset Parking Lot Status Could be: Active, Decommissioned, Under Construction Active Physical Address/ Location of Asset Or From GIS/GPS 50 Business SQ, Westcliff, Chatsworth Property ID/ Title Deed Number From Valuation Role N0FT00520000010600000 Property Key/ Stand Number From Valuation Role 1531346 X Location From GIS/GPS -3310255.302 Y Location From GIS/GPS -100604756364.00 Construction Date Same as "Acquisition Date" 1990/06/30 Expected Useful Life Same as “ Design Life” 20 Structural Condition Index From Inspections 73.6% Method of Depreciation Always Straight Line Straight Line Depreciation Rate Inverse of “Expected Useful Life” 5%
Fixed-Asset-Management-Policy-movables.docx