The document discusses the National Asset Registry established by the Bureau of the Treasury to maintain a comprehensive list and inventory of the non-financial assets of the national government. It will serve as a central repository and database for recording and updating information on government assets. The Department of Education provides an example of financial information required for assets, such as acquisition cost, book value, depreciation, asset life, and years used. Formulas for calculating depreciation and book value are also presented, as well as an example of applying depreciation prospectively when an asset undergoes repairs.