diff --git a/models.py b/models.py
index efa32341..a820baf7 100644
--- a/models.py
+++ b/models.py
@@ -1,6 +1,8 @@
 from django.db import models
 from django.urls import reverse
 
+import datetime
+
 
 class AssetCategory(models.Model):
     class Meta:
@@ -40,10 +42,10 @@ class BaseAsset(models.Model):
     asset_id = models.CharField(max_length=10)
     description = models.CharField(max_length=120)
     category = models.ForeignKey(to=AssetCategory, on_delete=models.CASCADE)
-    status = models.ForeignKey(to=AssetStatus, on_delete=models.CASCADE)
+    status = models.ForeignKey(to=AssetStatus, on_delete=models.CASCADE, default='Active')
     serial_number = models.CharField(max_length=150, blank=True)
     purchased_from = models.ForeignKey(to=Supplier, on_delete=models.CASCADE, blank=True, null=True)
-    date_acquired = models.DateField()
+    date_acquired = models.DateField(default=datetime.date.today().strftime('%d %b %Y'))
     date_sold = models.DateField(blank=True, null=True)
     purchase_price = models.DecimalField(blank=True, null=True, decimal_places=2, max_digits=10)
     salvage_value = models.DecimalField(blank=True, null=True, decimal_places=2, max_digits=10)