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Assets removed from your business estate must be removed from the asset register and disposed of securely.

Review your asset

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register

Once you have created your asset register, you need to ensure that you regularly review it and ensure that information is kept up to date. When you buy new equipment, be sure to log it in the asset register, and when you move something or discard it, update your list. Your asset list is only as valuable as the care and detail you put into accounting and documenting each asset. It is worth being meticulous as an asset register gives you the visibility and awareness for many of your other practises and requirements.

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