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The Bill of Sale Template will be issued after completion of the sale of assets. Once the department manager approves the Asset Disposition form, the department may advertise the property for sale or submit a list to purchasing for sale and disposition. The Accounting Manager will delete the item from the asset records and record any gain or loss on the disposition.
Any asset that is missing or has been stolen will be reported in writing to the Department manager and the accounting manager as soon as possible. The description, serial number, and other information about the lost item should be included in the report.
The accounting manager will determine the proper course of action and will notify the company’s insurance carrier and any outside authorities if deemed appropriate. If un-recovered, the asset will then be removed from the asset records.