Fixed Asset disposal form

Please complete and submit this form if an item of your department's equipment that is on the Asset Register has been or will shortly be disposed of. This information is required to remove the equipment from the Fixed Asset Register held in UFS.

The information entered here will be used by the University of Cambridge’s Finance Division solely for the contractual or legitimate business purposes for which the form exists. Where any personal information is entered (about the user or others), it is used in accordance with the University’s standard website privacy policy [1].

ASSET DETAILS

Department Code (2 digits) *

Asset Description *

Asset Number (UFS) *

Tag Number (if applicable)

Date of Disposal *

Day

Month

Year

Asset disposal authorized by :

Name *

Job title

METHOD OF DISPOSAL

Method of disposal *

If merged please provide asset number

If transferred please give name, department or location

IF SOLD PLEASE GIVE FURTHER DETAILS

Record any income received in the Accounts Receivable module using the transaction code (Fixed Asset Disposals) LZGA for Capitalised Assets

Sales Invoice Number

Agreed price

Disposal costs

AP Invoice Number

CUFS Code String

Further Information

* If the department wishes to sell an item, there is the possibility of a VAT liability to consider, please contact the Fixed Assets helpdesk for advice. If an item is sold the new owner must accept full responsibility for all aspects of ownership in writing.

FORM COMPLETED BY

Name *

Job Title *

Telephone Number *

Email address *

Date completed *

Day

Month

Year