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ASTM E 2131 : 2009

Superseded

Superseded

A superseded Standard is one, which is fully replaced by another Standard, which is a new edition of the same Standard.

View Superseded by

Standard Practice For Addressing and Reporting Loss, Damage, or Destruction of Tangible Property

Available format(s)

Hardcopy , PDF

Superseded date

11-11-2014

Superseded by

ASTM E 2131 : 2016

Language(s)

English

Published date

01-09-2009

€59.22
Excluding VAT

Committee
E 53
DocumentType
Standard Practice
Pages
3
PublisherName
American Society for Testing and Materials
Status
Superseded
SupersededBy
Supersedes

1.1 This practice focuses on addressing and reporting loss, damage, or destruction (LDD) of tangible property.

1.2 LDD events are key aspects of risk management. Projecting the possibility or probability of LDD, discovering, disclosing, reporting, managing, and minimizing LDD is a critical and economic factor in the success of the owning or holding entity. This practice also establishes acceptable levels of LDD.

1.3 LDD events are often discovered as a result of a physical inventory or other audit. An actual LDD event can occur at any time during the property life cycle.

1.4 LDD events resulting from natural disasters or other incidents beyond the control of an entity are not subject to the criteria in 1.7. Reporting LDD events is required.

1.5 Natural degradation or normal wear and tear are not considered LDD events and are not addressed in this practice (they may, however, be considered in establishing residual value).

1.6 Loss, damage, and destruction, while three completely different events, are addressed as one for the purposes of this practice.

1.7 This practice does not address situations where LDD is an expected outcome, for example, destructive testing.

1.8 Assessing pecuniary liability for loss, damage, or destruction is not addressed in this practice; such assessments are subject to law.

1.9 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.

ASTM E 2132 : 2017 Standard Practice for Inventory Verification: Electronic and Physical Inventory of Assets
ASTM E 2811 : 2017 Standard Practice for Management of Low Risk Property (LRP)
ASTM E 2279 : 2015 Standard Practice for Establishing the Guiding Principles of Property Asset Management
ASTM E 2675 : 2009 : R2014 Standard Practice for Property Management System Outcomes
ASTM E 2676 : 2009 : R2014 Standard Practice for Tangible Property Mobility Index (MI)
ASTM E 2452 : 2012 : R2019 Standard Practice for Equipment Management Process Maturity (EMPM) Model

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