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Disposition of Fixed Assets

Disposition of Fixed Assets. How to be done after you’re done. Fixed Asset Life Cycle Purchase process Received Recorded in fixed asset system Tagged Use and depreciation Disposition Removed from fixed assets system. Disposition Sold through surplus Donated Discarded/Destroyed.

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Disposition of Fixed Assets

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  1. Disposition of Fixed Assets How to be done after you’re done.

  2. Fixed Asset Life Cycle • Purchase process • Received • Recorded in fixed asset system • Tagged • Use and depreciation • Disposition • Removed from fixed assets system

  3. Disposition • Sold through surplus • Donated • Discarded/Destroyed

  4. Process for removing tagged assets from inventory • Fill out a Relief of Accountability form • Byui.edu/financial-services

  5. Surplus Policy

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