Unusable, unneeded, or obsolete assets can consume valuable functional storage space in your warehouse or workshop. So, if you have any surplus equipment sitting idle in your business facility, it’s crucial that you know how to efficiently dispose of them to prevent untoward handling and additional storage costs. The equipment may no longer be needed as it is originally intended for, or it may be unusable due to its condition, or perhaps it is already outdated. It can also be that the equipment is in a quantity that exceeds the effective use by your company.
You can either sell, exchange, or donate the surplus equipment, depending on how you prefer it to be disposed of properly. When it comes to determining who will be responsible for performing the disposal, you can do it yourself if you want or you can designate someone you can rely on to do it well. Just don’t forget to enlist assistance from someone among your staff who knows how to develop the criteria to aid in the process.
Depending on the specific surplus equipment or asset you need to dispose of, you can do it in many ways. The disposal methods vary which include public bidding or auction, negotiated sale, selling to local dealers, pre-priced sale, trade-in or swap for new equipment, proposal request for an item of unique qualities, a donation to charitable organizations. You can also consider enlisting your item on online auction sites that you trust.
For items that no longer have sale value or exceeded the net worth is best to be donated or be discarded otherwise. But for surplus equipment that has a substantial value, you can best dispose of it through auctions to get the most value it still has. If you want to learn more about how you can place your item through an auction, just call us to assist you.
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