Why don't you automatically dispose of items that have exceeded their useful lives?

The University has numerous assets that continue to be functional well beyond their depreciable useful lives used for financial reporting purposes (i.e. 8 years for most equipment; 5 years for vehicles). Thus there is no way for Central Property Accounting to automatically know when an asset has become obsolete and is ready for disposal. It is the department's responsibility to have internal controls in place to dispose of assets once they have become obsolete and/or are no longer needed or used by the department. 


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