Property Control System Manual (PCS)

Effective: 1/27/1993

Revised: 7/1/2012

PCS 1006: Trade-In of Equipment

Purpose

To define a procedure for the trade-in of university-owned capital equipment

Sources

Property Control

Purchasing and Business Services

Policy

Department personnel wishing to trade in university-owned capital equipment must submit a Trade-In Authorization (TIA) form.

Sponsor-owned equipment cannot be traded in. If ownership is unknown, contact Property Control.

Trade-in values that are substantially less than the market value of the equipment are prohibited.

Procedure

The department completes a TIA and submits it to Property Control.

Property Control removes any ASU Property Control tags before the equipment leaves the university and retires retires the assets in the Property Control database.

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