Idle Asset Identification
One of the most important parts of the asset recovery process is idle asset identification. Assets that are not put to productive use end up costing money. It is important that these assets be classified as idle by investment recovery personnel. Later, a decision can be made whether to redeploy or divest the asset. Surplus Assets could be in any form, including fixed equipment, mobile equipment, buildings, and land. Idle or Surplus assets can also be identified as either "Capital" Assets or non capital surplus.
Asset recovery can also refer to the task of recovery of assets that have been wrongfully taken either stolen, fraudulently misappropriated or otherwise disposed of to remove them from their rightful owner.
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Famous quotes containing the words idle and/or asset:
“The new shopping malls make possible the synthesis of all consumer activities, not least of which are shopping, flirting with objects, idle wandering, and all the permutations of these.”
—Jean Baudrillard (b. 1929)
“When ... did the word “temperament” come into fashion with us?... whatever it stands for, it long since became a great social asset for women, and a great social excuse for men. Perhaps it came in when we discovered that artists were human beings.”
—Katharine Fullerton Gerould (1879–1944)