Get Fixed Asset Intercompany Transfer Request Form Requesting ... 2020-2025

This guide provides clear instructions for completing the Fixed Asset Intercompany Transfer Request Form online. Whether you are requesting a transfer from one company to another or need assistance with specific sections, this guide will support you through each step of the process.

Follow the steps to successfully complete the form.

1. To begin, click the ‘Get Form’ button to access the form and open it in your chosen editor. This will allow you to fill out the necessary details electronically.
2. In the first section, enter the name of the requesting company. Clearly indicate the official name to avoid any confusion.
3. Next, input the name of the transferring company. Ensure accuracy as this identifies the company from which the asset is being transferred.
4. Provide the equipment number. This unique identifier is crucial for tracking the asset during the transfer.
5. Fill in the date of the transfer request. Using the current date is standard practice unless otherwise specified.
6. If applicable, enter the leasing company information. If the asset is leased, this detail must be included.
7. If applicable, provide the vehicle identification number (VIN) of the equipment being transferred.
8. Indicate the purpose of the transfer by selecting either 'Growth' or 'Maintenance.' This helps clarify the motive behind the request.
9. Document the net book value amount of the asset. This figure is essential for financial records.
10. Next, enter the fair market value amount, which reflects the current market price of the asset.
11. Calculate and record the difference between the net book value and fair market value amounts.
12. Indicate whether sales tax is due. Select 'Yes' or 'No' accordingly. If 'Yes,' specify the amount due.
13. If the equipment is being substituted for budgeted equipment, provide an explanation in the designated area.
14. Describe the asset being transferred in detail. This section should include any relevant specifications.
15. Provide a reason for the transfer in the space provided. Clearly articulate the rationale behind the request.
16. Obtain approvals from the respective executives and controllers of both the transferring and requesting companies by signing and dating the form.
17. Finally, after completing the form, review all entries for accuracy. You can then save changes, download, print, or share the form as required.

Complete your Fixed Asset Intercompany Transfer Request Form online to streamline your asset management process.