then issues the asset with its computer-generated sequential barcode number. This barcode is fixed to the asset and written on the receiving report and the supplier invoice. 6. The relevant college manager inputs the new asset details into the asset register using a copy of the purchase order, the original requisition and the asset's barcode. 7. The asset manager is maintained on FAST - tailored fixed assets computer system - and reconciled to the general ledger by each college manager monthly. 8. The FAST system calculates depreciation automatically each month using the rate input by the college manager at the time the asset was added to the register