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?

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!