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.
Read more about this topic: Asset Recovery
Famous quotes containing the words idle and/or asset:
“We do not rest satisfied with the present.... So imprudent we are that we wander in the times which are not ours and do not think of the only one which belongs to us; and so idle are we that we dream of those times which are no more and thoughtlessly overlook that which alone exists. For the present is generally painful to us.”
—Blaise Pascal (1623–1662)
“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)