What is the difference between asset disposal forms and fixed asset disposal forms?

The difference between an asset disposal form and a fixed asset disposal form is the type of asset that’s being disposed of. An asset disposal form concerns the disposal of assets, commonly known as current assets, which are company assets that can be liquidated within a year or less. In contrast, fixed asset disposal forms concern the disposal of fixed assets. Fixed assets are company assets that were purchased for long-term use — land, buildings, and specialized equipment, for example. While both types of forms have the same goal — to dispose of assets — the type of assets they’re disposing of is different.

What information should be included in asset disposal forms?

Asset disposal forms should include both general information about the person or company completing the form and information about the assets being disposed of. For general information, include form fields that ask for the name of the company, the company’s contact information, the reason for liquidation, and the location of the company. For asset information, include form fields that ask for a description of the asset(s), the quantity of each asset, the condition of each asset, and the estimated value of each asset.

Who can use an asset disposal form?

Asset disposal forms can be used by a wide range of individuals depending on the needs of the company they work for. Because the purpose of the asset disposal form is to sell and liquidate assets, many asset disposal form users are banks, state agencies, and other businesses that need to offload their assets.

Asset Disposal Form Template

Asset Disposal Form

About this template

An asset disposal form is used by companies to dispose of old or unused assets such as equipment and machinery. Asset disposal forms typically involve the authorization of multiple people in a company to ensure disposal is performed as securely and legally as possible. If you need to dispose of old assets, use our Asset Disposal Form to collect all the details your finance team needs in one convenient place. Add your logo, customize the questions, and download the form template — then simply share it on your website to begin collecting responses.

Customize the template, add your logo, and add unique fields to track the lifespan of the asset. Embed the form on your website, share it as a link, or print and send it in the mail — you can even create PDF files from submissions, or download submissions as individual PDFs. If you’d like to streamline your asset disposal process, you can create a new form from scratch in our free asset disposal form builder, or use your existing template to create a duplicate.

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