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!