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Click ‘Get Form’ to open the asset disposal form template in the editor.
Begin with Section I, where you will enter details such as the Item, Tag Number, and Location Taken From Department. Ensure that you accurately describe the Condition of the asset by selecting from options like Excellent, Good, Fair, or Poor.
Fill in the Serial Number, Building, Room, and Estimated Value fields. This information is crucial for tracking and valuation purposes.
Select the Recommended Method of Disposal from the provided options. This could include Donate to other government, Sale (Under $2,000), Auction (Over $2,000), etc.
Sign and date the form at the bottom of Section I to validate your submission.
Proceed to Section II for approval by the Superintendent/Designee. They will indicate whether items under $2,000 are approved or disapproved and sign accordingly.
For items over $2,000, ensure that you complete Section III with necessary Treasurer details including Receipt Number and Date after auction approval.
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Disposal of capital assets occurs when a fully depreciated or amortized asset is no longer in service and no monetary value was received. If the asset is notRead more
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