Alaska Inventory of Property

State:
Alaska
Control #:
AK-CR-1373
Format:
PDF
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Description

Inventory of Property

The Alaska Inventory of Property is a comprehensive catalog of movable and immovable property owned by the State of Alaska. It includes all real property (land and buildings), personal property (equipment, furniture, vehicles, etc.), and intangible assets (intellectual property, copyrights, etc.). The Inventory also covers state-owned resources such as oil, gas, minerals, timber, and other natural resources. It is maintained and administered by the Alaska Department of Administration, Division of General Services. The Alaska Inventory of Property is divided into two main categories: capitalized and non-capitalized. Capitalized property includes items that have a useful life of more than one year and have a value of $500 or more. The capitalized property is further divided into two sub-categories: real property (land and buildings) and personal property (equipment, furniture, vehicles, etc.). Non-capitalized property includes items that have a useful life of less than one year or that have a value of less than $500. The Alaska Inventory of Property is an important tool for ensuring that state-owned assets are properly accounted for and managed. It provides detailed information about each item, including its location, condition, quantity, and cost. The Inventory also helps to ensure that all assets are properly maintained and that losses are minimized.

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In simple terms, an estate inventory includes all of the assets of an estate belonging to someone who's passed away. The Inventory and Appraisal is a complete listing of the estate assets as of a particular date, usually the date of death.A property inventory is a written tally of all of a taxpayer's personal property. A detailed inventory will help an executor determine whether the estate qualifies for simplified probate procedures. Learn how to complete a personal property inventory of your church to determine adequate amounts of coverage and speed the claim process. List every item of value in your house. • Make sure to copy serial numbers of your personal items. A fiduciary for an estate may use this form to file an inventory of the estate assets. Complete and accurate inventory of all the assets of the estate and the fair market valuations as of. The ownership interest may be whole or fractional with others.

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Alaska Inventory of Property