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Finance Home Forms Capital Assets Form Instructions: Asset Disposition  

Form Instructions: Capital Asset Disposition

Use this form when disposing of a capital asset or transferring an asset to a third party.

 Please note: Before disposing of an asset, you must have approval from the Capital Assets department.

To request approval, please send an email to uco-capasset-mailbox@cornell.edu  or complete the Request to Surplus or Scrap  form.  An asset cannot be sold or donated until it has been listed on the University Surplus List.

Submission Instructions:
Send completed form to: Capital Assets Accounting, 341 Pine Tree Road, East Hill Plaza, Ithaca, NY 14850



Help Topics and Completion Guidelines

 Department & Item Information: Please enter all applicable information to identify the asset subject to disposal. Please make sure to enter department contact information, in the event that there are questions about the asset.

 Disposition Status: Check the appropriate box regarding disposal.

    •  Disposition Date should always be completed.
    •  Disposition Price should be completed only if the asset was sold.
    •  Appropriate Transaction Authority: If the original acquisition cost of the asset is $10,000 or greater, the appropriate transactional authority must be applied.

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