Get Asset Acquisition Form

The Asset Acquisition Form is essential for documenting the purchase, loan, or donation of equipment, vehicles, or furniture valued at $5,000 or more. This guide provides step-by-step instructions for completing the form efficiently and accurately.

Follow the steps to fill out the Asset Acquisition Form.

1. Click ‘Get Form’ button to obtain the form and open it in the editor.
2. Start by entering the description of the item being acquired in the designated field. Be specific to ensure clarity regarding the asset.
3. Next, provide the invoice date in the specified format. This date is crucial for tracking and record-keeping.
4. Indicate whether the item is new or used by selecting the appropriate option.
5. Fill in the Ptag number, IAIT tag number, purchase order number (PO #), and any other identification numbers applicable to the asset.
6. Detail the asset description, including its insurance or asset value, which should be expressed in dollar amounts.
7. Provide the make, model, manufacturer, and serial number or VIN of the item. Accurate details here are essential for identification and future reference.
8. Enter the location of the item, detailing the building and room number, and the person responsible for custodianship.
9. For internal use by Administrative Services, select the ownership status by checking the relevant box — whether titled to the Institute, federal, or state.
10. Finally, confirm who entered the information and the date on which the form was completed.
11. After completing all fields, save your changes. You can then download, print, or share the form as necessary.

Complete your Asset Acquisition Form online today to ensure proper documentation and management.