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:
“One is not idle because one is absorbed. There is both visible and invisible labor. To contemplate is to toil, to think is to do. The crossed arms work, the clasped hands act. The eyes upturned to Heaven are an act of creation.”
—Victor Hugo (1802–1885)
“Imagination is a valuable asset in business and she has a sister, Understanding, who also serves. Together they make a splendid team and business problems dissolve and the impossible is accomplished by their ministrations.... Imagination concerning the world’s wants and the individual’s needs should be the Alpha and Omega of self-education.”
—Alice Foote MacDougall (1867–1945)