When completing a physical inventory, you will need to note the physical condition of the equipment.
The codes below are the ones that should be used to indicate the condition of the equipment:
Asset Condition Code | Asset Condition Name |
N1 | New, Excellent |
N2 | New, Good |
N3 | New, Fair |
N4 | New, Poor |
E1 | Used, Reconditioned, Excellent |
E2 | Used, Reconditioned, Good |
E3 | Used, Reconditioned, Fair |
E4 | Used, Reconditioned, Poor |
O1 | Used, Without Reconditioning, Excellent |
O2 | Used, Without Reconditioning, Good |
O3 | Used, Without Reconditioning, Fair |
O4 | Used, Without Reconditioning, Poor |
R1 | Repairs Needed, Excellent |
R2 | Repairs Needed, Good |
R3 | Repairs Needed, Fair |
R4 | Repairs Needed, Poor |