ASTM E 2220 : 2002
Withdrawn
A Withdrawn Standard is one, which is removed from sale, and its unique number can no longer be used. The Standard can be withdrawn and not replaced, or it can be withdrawn and replaced by a Standard with a different number.
Standard Practice for Establishing the Full Valuation of the Loss/Overage Population Identified During the Inventory of Moveable, Durable Property (Withdrawn 2009)
Hardcopy , PDF
02-01-2009
English
07-10-2002
Important note : All end users must be registered with an Account prior to user licenses being assigned.CONTAINED IN VOL. 04.12, 2006 Covers the assignment of a value to categories and complete populations of lost or destroyed property assets for the purpose of determining the composite cost of all such losses on a periodic basis.
| Committee |
E 53
|
| DocumentType |
Standard Practice
|
| Pages |
3
|
| PublisherName |
American Society for Testing and Materials
|
| Status |
Withdrawn
|
1.1 This practice covers the assignment of a value to categories and complete populations of lost or destroyed property assets for the purpose of determining the composite cost of all such losses on a periodic basis. This practice does not address the valuation of individual property assets.
1.2 The reason for assigning a loss or destruction value is to establish an economic basis for the allocation of resources to manage property efficiently and in a cost effective manner.
1.3 The direct cost of lost, damaged or destroyed (LDD) property has little to do with the acquisition, book or market value of such assets. While in many organizations, the value of LDD property is reflected at acquisition cost in the General Ledger accounts this approach is only appropriate for the financial reporting of property assets.
1.4 The calculation of the cost of loss or destruction of property for the purposes of computing a necessary factor to be used in the equation applied under Practice E 2219 is to be based upon the consideration of both the risk of an inventory shortage as well as the benefits of inventory control and overage management.
1.5 The valuation of property for the purposes of management and control is to be based upon the consideration of both the risk of an inventory shortage and benefits of inventory management as contained in this standard.
| ASTM E 2452 : 2012 : R2019 | Standard Practice for Equipment Management Process Maturity (EMPM) Model |
| ASTM E 2379 : 2004 | Standard Practice for Property Management for Career Development and Training (Withdrawn 2013) |
| ASTM E 2219 : 2002 | Standard Practice for Valuation and Management of Moveable, Durable Property (Withdrawn 2009) |
| ASTM E 2219 : 2002 | Standard Practice for Valuation and Management of Moveable, Durable Property (Withdrawn 2009) |
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