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  3. How is asset cost determined?

How is asset cost determined?

The Cost of an Asset is determined based on supporting documentation of the assets 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.

Read more:

Asset Management and Surplus Manual

 

Updated on November 18, 2020

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