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What is the best way to determine the Fair Market Value when completing the Capital Asset Disposal form?

A common method for determining Fair Market Value (FMV) is to seek prices from online sources (Kijiji, eBay, Google, etc…) for similar makes/models of the asset being disposed/resold, and take an average of the prices as the FMV.

If the FMV is less than $200, a Swap Shop Disposal Form should be used . The Swap Shop is typically used for furniture, computers and equipment that is still in usable condition, and can be repurposed by another department.

See also: Capital Asset Disposal Form


Last Updated:  August 21, 2020