PCS 601–04: Retiring Missing Assets
To provide ASU departments with every opportunity to locate missing assets
To state a procedure for retiring missing assets when all efforts to locate them have been exhausted
Purchasing and Business Services
When Property Control and the responsible department have exhausted all efforts to locate missing capital equipment and/or assets, such lost assets will be retired with the following stipulations:
If assets are located in future inventories, they are added back to the Property Control database in an active status.
Ultimate responsibility for missing capital assets lies with the department head.
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