Get Disposal Of Fixed Assets Form

Filling out the disposal of fixed assets form is an essential process for accurately documenting the disposition of organizational assets. This guide will walk you through each step of the process to ensure that you complete the form efficiently and correctly.

Follow the steps to complete the form accurately.

1. Click ‘Get Form’ button to obtain the form and open it in the editor.
2. In the 'Department' field, enter the name of the department responsible for the asset. This helps identify the entity managing the disposal process.
3. Locate the 'Asset Tag #' field and input the unique identification number assigned to the asset. Ensure accuracy to prevent mix-ups.
4. In the 'Location of Asset' section, specify where the asset is currently situated. This provides context for the disposal operation.
5. Fill in the 'Item Description' field with a concise and clear description of the asset being disposed of. Clarity helps in tracking and cataloging.
6. Input the 'Serial or VIN #' for the asset, if applicable; this number assists in identifying the specific item.
7. Indicate the name of the person requesting disposal in the 'Disposal Requested By' field.
8. If the asset is being transferred to another department, complete the relevant fields: 'To Department,' 'Building,' and 'Location.'
9. Ensure 'Receipt of Asset Approved By' is filled out with the name of the approver for the transaction.
10. Document the 'Reason for Disposition' to provide justification for the asset's disposal. Being transparent in this reason is crucial.
11. Provide the 'Disposal Date' to indicate when the asset is officially being disposed of.
12. In the 'Condition of Item' field, describe the state of the asset at the time of disposition to reflect its usability.
13. Explain in the 'Disposition of Item' section whether the asset was traded, sold, or salvaged, and include the name of the company involved if applicable.
14. Enter the 'Value if Sold or Traded' to indicate what the asset was worth at the time of disposal.
15. If applicable, include the 'Salvage Cost' incurred during the disposal process.
16. If the asset is being replaced, provide information in the 'Name of Vendor' and 'Purchase Date' fields for the new asset.
17. Include the 'Approved By' field to record the name of the individual who has given final approval for the disposal.
18. Input the 'Installation Date' for reference, followed by the current date in the designated field.
19. Once all fields are completed, review the form for accuracy. You can then save changes, download, print, or share the form as needed.

Complete your disposal of fixed assets form online today for efficient and accurate asset management.