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CAPITAL EQUIPMENT SURPLUS FORM This form is used to report equipment with an original value of $10,000 or more ($5,000 or more if purchased FY17 or prior) that is sent to salvage, is donated, or is
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How to fill out capital equipment surplus form

01
To fill out the capital equipment surplus form, follow these steps:
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Start by accessing the capital equipment surplus form online or obtaining a physical copy.
03
Provide your personal details such as name, contact information, and department.
04
Enter the details of the capital equipment being declared as surplus, including its description, identification number, and current condition.
05
Indicate the reason for declaring the equipment as surplus, whether it is due to obsolescence, redundancy, or other factors.
06
Specify whether the equipment will be sold, donated, or disposed of, and provide any additional instructions or preferences.
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If required, obtain approval from the appropriate authority or department head.
08
Sign and date the form to confirm the accuracy and completeness of the information provided.
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Submit the completed form to the designated personnel or department responsible for processing surplus equipment.

Who needs capital equipment surplus form?

01
Anyone who wishes to declare capital equipment as surplus needs to complete the capital equipment surplus form.
02
This form may be required by individuals or departments within an organization that are responsible for managing and disposing of surplus equipment.
03
It ensures proper documentation and authorization for the disposal or redistribution of capital equipment.
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The capital equipment surplus form is a document used by organizations to report assets that are no longer needed for their operations. It serves to notify relevant authorities about the availability of surplus equipment for disposal, sale, or reassignment.
Typically, organizations such as government agencies, educational institutions, and non-profit organizations that possess capital equipment are required to file the capital equipment surplus form when they have surplus assets to report.
To fill out the capital equipment surplus form, organizations should provide details such as the description of the equipment, its condition, the reason for surplus, and any relevant serial numbers or asset tags. Additionally, an authorized representative of the organization must sign the form.
The purpose of the capital equipment surplus form is to ensure proper reporting and management of surplus assets, facilitating accountability and allowing for the reallocation or disposal of equipment in a transparent manner.
The information that must be reported includes the item description, condition, location, asset number, value, reason for surplus, and any specific details relevant to the equipment's status.
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