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Trent University

Purchasing

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Bata Library, Symons Campus, Otonabee River

Purchasing

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    • Preparing to Buy
    • Requisitioning Guide
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TRENTU.CA / Purchasing / Resources for Staff / Asset Disposal

Asset Disposal

Capital assets are the property of the university and there are guidelines we must follow to ensure proper disposal of the asset.   

A Capital Asset is a procured item that is: 

  • valued at a single amount greater than $5,000 (before taxes)  
  • with a life expectancy of more than one year 
  • is applicable whether purchase was funded by operating, ancillary, capital, trust or research funds 

When it is determined an asset is no longer of use, is unable to meet operational requirements or obsolete, the Account Holder is required to complete a Disposal of Asset Form detailing the asset for disposal and forwarding the form to Purchasing Services via email to purchasing@trentu.ca.   

Purchasing Services can assist as to the best channels for disposal including: 

  • Repurpose by inter-department sale/transfer 
  • Public sale advertising on Gov Deals 
  • Sale of asset for scrap value 
  • Donation 
  • Recycle 
  • Trade-in 

University employees cannot acquire assets for personal or home use. 

The official Asset Management Policy and Disposal of Asset Procedure are available through the University's Policy library. 

Please contact purchasing@trentu.ca with asset disposal inquiries. 

Resources for Staff

  • Preparing to Buy
  • Requisitioning Guide
  • Quotation Requirements
  • Forms
  • Research Purchases
  • Staff and Faculty Computer Purchases
  • Customs
    • Commercial Invoice Template Instructional Guide
  • Asset Disposal
  • CAUBO Membership Discounts
  • Accessibility Procurement

Related Links

  • Financial Services
  • Campus Shipping & Receiving Centre
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