1. Home
  2. Asset Management; Surplus
  3. How is asset cost determined?

How is asset cost determined?

The Cost of an Asset is determined based on supporting documentation of the asset’s value.

  • Assets which are purchased, are valued based on the cost of the asset per the voucher/invoice, plus any trade-in value received as part of the transaction.
  • Donated assets are valued at Fair Market Value at the time of receipt.

Contact the Asset Management Team if you need additional assistance with setting an asset’s value.

Read more:

Updated on February 6, 2024

Was this article helpful?

Not what you are looking for?
If you can't find the answer to a question, contact us by click on the button below.
Contact Support