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ASTM International - ASTM E2858-12

Standard Practice for Sales of Personal Property

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Organization: ASTM International
Publication Date: 1 August 2012
Status: inactive
Page Count: 3
ICS Code (Trade. Commercial function. Marketing): 03.100.20
significance And Use:

5.1 This standard identifies cost-effective sales as a business process of the entity. The central objective is to ensure that assets are sold in a manner best suited to meet the goals of the... View More

scope:

1.1 This practice encompasses how assets may be sold.

1.2 Sales of assets may be done when assets used by the entity are no longer required, or to sell assets acquired for the purpose of sale or re-sale. The objectives of a sale will vary by entity; for instance, the goal may be to facilitate the replacement of assets, to obtain needed funds from sales proceeds, or simply to remove assets from the entity's control and management.

1.3 This practice does not include sales requirements or restrictions specific to any regulatory body or the various levels of government in which an entity operates. However, this practice provides the entity options for flexibility to best integrate those external requirements.

1.4 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 and health practices and determine the applicability of regulatory limitations prior to use.

Document History

July 1, 2020
Standard Practice for Sales of Personal Property
1.1 This practice encompasses how assets may be sold. 1.2 Sales of assets may be done when assets used by the entity are no longer required, or to sell assets acquired for the purpose of sale or...
ASTM E2858-12
August 1, 2012
Standard Practice for Sales of Personal Property
1.1 This practice encompasses how assets may be sold. 1.2 Sales of assets may be done when assets used by the entity are no longer required, or to sell assets acquired for the purpose of sale or...
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