Get the free Surplus, Damaged, Obsolete, or Transferred Form - csuchico

This form is used to change the status of equipment on the University's property management records by returning, transferring, or marking it as surplus, damaged, or obsolete.

How to fill out surplus damaged obsolete or

How to fill out Surplus, Damaged, Obsolete, or Transferred Form

1. Start by obtaining the Surplus, Damaged, Obsolete, or Transferred Form from the appropriate department or website.
2. Fill in the date at the top of the form.
3. Identify and enter the asset number or identification code for the item in question.
4. Select the appropriate category (Surplus, Damaged, Obsolete, or Transferred) that applies to the item.
5. Provide a detailed description of the item, including its condition and reason for the categorization.
6. If applicable, include information regarding previous purchase, such as date and supplier.
7. Sign and date the form to validate the information provided.
8. Submit the completed form to the designated authority or department for processing.

Who needs Surplus, Damaged, Obsolete, or Transferred Form?

1. Departments that need to manage assets and inventory.
2. Organizations looking to dispose of or transfer surplus property.
3. Employees responsible for equipment or asset management.
4. Financial and accounting departments requiring accurate asset records.

People Also Ask about

What is obsolete surplus?

Obsolete items are products that are no longer useful to a company due to changes over time but still have economic value. Surplus items accumulated due to faulty planning and have some usage value. Scrap is waste generated from manufacturing processes or defects and tying up Rs. 2500 crores in India.

What is an example of an obsolete item?

Take car parts, for instance. If a particular car model is no longer being produced, the parts that go with it become obsolete and cannot be sold. The company that manufactured these parts will have to write them off, as they are no longer of any use.

What is the meaning of obsolete goods?

Obsolete goods are products that have been discontinued, have undergone packaging changes, or are out of season. Seasonal items are some of the most common examples.

What is obsolete in financial terms?

Obsolete inventory refers to products that a company had purchased or produced which cannot be sold. The obsolete items may be the result of one or more of the following: Innovations that make the products worthless, inconvenient, unattractive, etc. New technologies that disrupt the way things are done.

What does it mean if a product is obsolete?

Obsolete means 'out of date'. As products become obsolete, new products replace them. For example, DVDs and CDs have largely been replaced with media-streaming services. Most products have a limited lifespan and, at some point, will no longer be available to buy. This lifespan is known as the product life cycle.

What is the obsolete or surplus goods program?

The purpose of the Obsolete or Surplus Goods Program is to assist Canadian industry in competing internationally by reducing exportation costs on valueless goods that will not enter the domestic market.

For pdfFiller’s FAQs

What is Surplus, Damaged, Obsolete, or Transferred Form?

The Surplus, Damaged, Obsolete, or Transferred Form is a document used to report inventory items that are no longer needed, have been damaged, are outdated, or have been transferred to another location or department.

Who is required to file Surplus, Damaged, Obsolete, or Transferred Form?

Typically, departments or units within an organization that hold inventory are required to file the Surplus, Damaged, Obsolete, or Transferred Form when they have items that meet the criteria listed in the form.

How to fill out Surplus, Damaged, Obsolete, or Transferred Form?

To fill out the form, provide details such as the item description, quantity, reason for surplus/damage/obsolescence, the location of the item, and any other required information as specified on the form.

What is the purpose of Surplus, Damaged, Obsolete, or Transferred Form?

The purpose of the form is to ensure proper tracking and accounting of inventory that is no longer in use, to facilitate asset disposal or redistribution, and to maintain accurate records within the organization.

What information must be reported on Surplus, Damaged, Obsolete, or Transferred Form?

Information that must be reported includes item name, description, quantity, condition (surplus, damaged, obsolete), the reason for filing the form, location of the item, and date of report.