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Are there specific policies and procedures to follow for moving an item to Surplus?

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Are there specific policies and procedures to follow for moving an item to Surplus?

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Each department is responsible for notifying Financial Records Services when capitalized equipment is being transferred or retired per policy 05-10-01 (Capitalization of Fixed and Movable Assets). When a piece of capital equipment is transferred to Surplus Property through a Pick-Up Request form, Financial Records Services will be automatically notified to comply with established University policy. Refer to the FRS web page for additional information on asset transfer or retirement.

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Each department is responsible for notifying Financial Records Services when capitalized equipment is being transferred or retired per policy 05-10-01 (Capitalization of Fixed and Movable Assets). When a piece of capital equipment is transferred to Surplus Property through the 1-Click site, Financial Records Services will be automatically notified to comply with established University policy. Refer to the FRS web page for additional information on asset transfer or retirement.

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