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​7.3.6 Inventory of Physical Assets

​​​Locations must create and maintain an inventory of all equipment, furniture, or materials valued in excess of $500 or that have a life expectancy of five years or longer.  The inventory should contain a description, the date of purchase, the cost of the item(s), the date of inventory, and the quantity on hand as of the date of the inventory.  A photographic recording of the items should accompany the list.  Store the list with photographic record in a fire proof safe and upload an electronic copy to the cloud, in accordance with the Document Retention​ policy.​ W​here feasible, all such items should be permanently marked with the location’s name and an inventory number. See Canon §​1283​.

5-14-2021​, 6-16-2025


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