A PPE register is an important document used by the company and the auditor.
A good PPE register normally includes:
| Information | Example |
|---|---|
| Asset description | Toyota Hilux |
| Asset identification number | VEH-2025-008 |
| Purchase date | 15 March 2025 |
| Cost | RM120,000 |
| Location | Kuantan Branch |
| Depreciation method | Straight-line method |
| Useful life | Five years |
| Accumulated depreciation | RM24,000 |
| Carrying amount | RM96,000 |
| Disposal details | Not applicable |
The auditor uses the PPE register to select assets for inspection, recalculate depreciation and review additions and disposals.
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