An idle asset or scrap (which is discarded or removed from service i.e., a redundant, old or inoperative vehicle, vessel or machine) is to be disposed off in a form which is productive and enables cash inflow.

The point is that an industrialist or businessman should understand that an idle asset can prove to be highly useful to them as well as to other people in the field of production, agriculture and so on. The present trend is selling the idle assets to the needy, anticipative entrepreneurs entering in the market and investing further to add up to the capital which is either capital asset or just capital in the form of cash.

We talked about how an idle asset can be used in cash or kind. Now let us discuss how exactly can an idle asset or scrap be sold or bought .Here are few points which may be useful or helpful to sell your idle asset or scrap:

1.     Assets of different types and usage have different methods of selling or disposal. Each method depends on the type of idle asset or scrap.

2.     To get the best value for the idle assets or scrap a proper method should be followed. Various methods are available among which e-auction is the best place. Thousands of anticipative customers take part to get suitable idle assets for their business or production process, and the seller get the appropriate value for their asset.

3.     As we sell our products online, we shall need to provide proper and detailed descriptions about the asset or scrap to be sold so that the anticipated buyer has apprehension in the proposal for the asset.

4.     If an idle asset is to be disposed, the seller must make sure that the asset is in proper working condition and that the asset contribute to the production for few expected years.

Here is an example to show you how an idle asset or scrap should be presented with proper description and details for sale :-

NAME OF THE HOLDER:-

REGISTRATION NUMBER:-

ASSET TYPE:-

ASSET DISCRIPTION:-

* SCRAP:-Description:

Quantity:

Value:

*MACHINERY:-Description:

Date of purchase:

Estimated life:

Value:

*LAND:-Description (agricultural or construction site):

Location:

Date of purchase:

Value:

*BUILDING:-Description (commercial or residential):

Location:

Date of purchase:

Value:

LAST DATE OF SALE OR AUCTION

 

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