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How do I remove an asset from my inventory?

As is required by both State and NC State Disposal of University Property regulations, all property, capital or non-capital, acquired by an NC State University department must be disposed of through NC State University Surplus. Asset disposals that occur through improper methods such as lost, stolen, cannibalized, destroyed, or traded-in, should be handled by the processes listed in the Asset Management and Surplus Manual. These Disposal Requests are processed by the AM Coordinator and routed to the Asset Management Team in the University Controller’s Office. This process allows for the retirement of the asset in the Asset Management Module but is not considered an accepted standard method.

If an asset is being used, it still has value to the University and therefore, it remains in the inventory. The asset will remain in the inventory until disposed of, per REG 07.40.01 – Disposal of University Property.

Updated on March 5, 2020

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