{"id":207733,"date":"2024-10-19T13:22:56","date_gmt":"2024-10-19T13:22:56","guid":{"rendered":"https:\/\/pdfstandards.shop\/product\/uncategorized\/astm-e2220-2002\/"},"modified":"2024-10-25T06:04:41","modified_gmt":"2024-10-25T06:04:41","slug":"astm-e2220-2002","status":"publish","type":"product","link":"https:\/\/pdfstandards.shop\/product\/publishers\/astm\/astm-e2220-2002\/","title":{"rendered":"ASTM-E2220 2002"},"content":{"rendered":"

ASTM E2220-02<\/h3>\n

Withdrawn Standard: Standard Practice for Establishing the Full Valuation of the Loss\/Overage Population Identified During the Inventory of Moveable, Durable Property (Withdrawn 2009)<\/h4>\n
\n

ASTM E2220<\/h4>\n

Scope<\/strong><\/p>\n

1.1 This practice covers the assignment of a value to categories and complete populations of lost or destroyed property assets for the purpose of determining the composite cost of all such losses on a periodic basis. This practice does not address the valuation of individual property assets.<\/p>\n

1.2 The reason for assigning a loss or destruction value is to establish an economic basis for the allocation of resources to manage property efficiently and in a cost effective manner.<\/p>\n

1.3 The direct cost of lost, damaged or destroyed (LDD) property has little to do with the acquisition, book or market value of such assets. While in many organizations, the value of LDD property is reflected at acquisition cost in the General Ledger accounts this approach is only appropriate for the financial reporting of property assets.<\/p>\n

1.4 The calculation of the cost of loss or destruction of property for the purposes of computing a necessary factor to be used in the equation applied under Practice E 2219 is to be based upon the consideration of both the risk of an inventory shortage as well as the benefits of inventory control and overage management.<\/p>\n

1.5 The valuation of property for the purposes of management and control is to be based upon the consideration of both the risk of an inventory shortage and benefits of inventory management as contained in this standard.<\/p>\n

Keywords<\/strong><\/p>\n

category; control ratios; destruction; historical risk; inventory; loss; overage; profit; property; risk management; shortage; threshold ratios; valuation<\/p>\n

ICS Code<\/strong><\/p>\n

ICS Number Code 03.100.01 (Company organization and management in general)<\/p>\n

DOI:<\/strong> 10.1520\/E2220-02<\/p>\n<\/div>\n

PDF Catalog<\/h4>\n\n\n\n\n\n
PDF Pages<\/th>\nPDF Title<\/th>\n<\/tr>\n
1<\/td>\nScope
Referenced Documents
Terminology
Significance and Use <\/td>\n<\/tr>\n
2<\/td>\nProcedure
Determination of Historical Risk
Calculation of the Historical Loss or Preservation Liability Factor
Summary <\/td>\n<\/tr>\n
3<\/td>\nKeywords <\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

E2220-02 Standard Practice for Establishing the Full Valuation of the Loss\/Overage Population Identified During the Inventory of Moveable, Durable Property (Withdrawn 2009)<\/b><\/p>\n\n\n\n\n
Published By<\/td>\nPublication Date<\/td>\nNumber of Pages<\/td>\n<\/tr>\n
ASTM<\/b><\/a><\/td>\n2002<\/td>\n3<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"featured_media":207738,"template":"","meta":{"rank_math_lock_modified_date":false,"ep_exclude_from_search":false},"product_cat":[83,2637],"product_tag":[],"class_list":{"0":"post-207733","1":"product","2":"type-product","3":"status-publish","4":"has-post-thumbnail","6":"product_cat-03-100-01","7":"product_cat-astm","9":"first","10":"instock","11":"sold-individually","12":"shipping-taxable","13":"purchasable","14":"product-type-simple"},"_links":{"self":[{"href":"https:\/\/pdfstandards.shop\/wp-json\/wp\/v2\/product\/207733","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pdfstandards.shop\/wp-json\/wp\/v2\/product"}],"about":[{"href":"https:\/\/pdfstandards.shop\/wp-json\/wp\/v2\/types\/product"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/pdfstandards.shop\/wp-json\/wp\/v2\/media\/207738"}],"wp:attachment":[{"href":"https:\/\/pdfstandards.shop\/wp-json\/wp\/v2\/media?parent=207733"}],"wp:term":[{"taxonomy":"product_cat","embeddable":true,"href":"https:\/\/pdfstandards.shop\/wp-json\/wp\/v2\/product_cat?post=207733"},{"taxonomy":"product_tag","embeddable":true,"href":"https:\/\/pdfstandards.shop\/wp-json\/wp\/v2\/product_tag?post=207733"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}