My ‘To Do List’ says I have assets for disposal. What does this mean?
Once an asset reaches a nil current written down value, it will prompt an alert on the ‘To Do List’. This is done to bring to your attention that the value of the asset has been utilised from an accounting point of view and may be ready for replacement. You do not need to take any action with this asset – you can continue to keep tracking it on your Asset Register.