Property Control System Manual (PCS)

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Effective: 1/27/1993

Revised: 7/1/2012

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PCS 1006: Trade-In of Equipment

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Purpose

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

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Sources

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Property Control
Purchasing and Business Services

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Policy

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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.

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Procedure

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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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