ASTM E2306-18
Standard Guide for Disposal of Personal Property Assets

Standard No.

ASTM E2306-18

Release Date

2018

Published By

American Society for Testing and Materials (ASTM)

Latest

ASTM E2306-18

Scope

1.1 This guide describes various personal property asset disposal methods including donation, sales, recycling, destruction, and abandonment. 1.2 This guide recognizes that while some entities distinguish between ‘excess’ and ‘surplus’ personal property assets, this guide will remain consistent with Terminology E2135 using those words as they are defined therein. 1.3 Prior to disposing of any personal property assets, consideration should be given to reutilization/reuse within the owning entity. 1.4 Disposal is the final step in the final phase of the life cycle management of personal property assets. 1.5 As entities may incur unnecessary or additional costs associated with recordkeeping, taxes, storage, maintenance, etc,. of personal property assets until final disposal actions are complete, selecting the most efficient and economical method of disposal is critical to a successful disposal program. 1.6 This guide does not include specific requirements for the classification or the disposal of scrap items or materials. 1.7 This guide does not specifically address disposal requirements of governmental laws and regulations. However, this guide enables an entity to align or integrate applicable governmental laws and regulations with its own requirements. 1.7.1 When disposing of assets owned by another entity, entities must adhere to contractual requirements of the owning entity as well as applicable statutory and regulatory guidelines, policies, and requirements specific to the owning entity. 1.8 This standard does not purport to address all of the safety concerns, if any, associated with its use. It is the responsibility of the user of this standard to establish appropriate safety, health, and environmental practices and determine the applicability of regulatory limitations prior to use. 1.9 This international standard was developed in accordance with internationally recognized principles on standardization established in the Decision on Principles for the Development of International Standards, Guides and Recommendations issued by the World Trade Organization Technical Barriers to Trade (TBT) Committee.

ASTM E2306-18 Referenced Document

• ASTM E2135 Standard Terminology for Property and Asset Management*， 2022-06-01 Update
• ASTM E2279 Standard Practice for Establishing the Guiding Principles of Property Asset Management*， 2020-07-01 Update
• ASTM E2858 Standard Practice for Sales of Personal Property*， 2020-07-01 Update

ASTM E2306-18 history

• 2018 ASTM E2306-18 Standard Guide for Disposal of Personal Property Assets
• 2013 ASTM E2306-13 Standard Practice for Disposal of Personal Property
• 2011 ASTM E2306-11 Standard Practice for Disposal of Personal Property
• 2003 ASTM E2306-03 Standard Practice for Utilization and Disposal of Personal Property