Fixed Asset Trivia

Fixed Asset Trivia 2014 DPA Spring Training

$5k or more • What is the threshold amount for fixed asset capitalization of equipment?

6 digits – 2N0150 • How many digits make up the location code ?

Fixed Asset Update Form • What form would you use for a disposal?

Surplus • Who should be contacted first when disposing of an asset?

Department Property Administrator • What does the acronym DPA stand for? What does the acronym DPA stand for?

Fixed Asset Update Form &Bill of Sale • What 2 forms are completed when an asset is sold?

IS • Who should be contacted when disposing of computer equipment?

Every 2 years • How often is a department’s fixed assets inventoried?

Fixed Asset Update Form • What form is completed to transfer an asset to another department?

University Police • Who should be contacted when it is discovered that an asset may have been stolen?

ASAP • When should the paperwork be completed, and sent to the appropriate person, for a disposed, sold or transferred asset?

Off-Campus Verification Worksheet • What form is competed and given to the fixed asset accountant when an asset is offsite at inventory?

Non-taggable Asset Form • When a non-taggable asset is disposed, what should also be attached to the Fixed Asset Update Form?

Equipment Loan Authorization • What form should be filled out when a fixed asset is loaned out?

Rectangular gold & black barcode • What does a WFU asset tag look like?

As soon as it is known • When should you notify the Fixed Asset Accountant of a change in DPA?

Thank you for being on the DPA team!

Fixed Asset Trivia