What happens to property that is deemed unserviceable?

When property is deemed unserviceable, it typically needs to be turned in or reported for disposition action. This means that the item should be formally recognized as no longer useful or functional within the organization and requires appropriate channels to manage its removal from service. The purpose of turning in unserviceable property is to ensure that it is handled properly, whether through repair, recycling, or environmental disposal, adhering to established policies and procedures. This process helps maintain inventory accuracy and accountability within the organization.

Storing the item indefinitely is not feasible as it leads to clutter and potential misuse of space. Immediate discarding of property is also not a standard procedure; items often require assessment and processing before disposal. Selling to the highest bidder may apply in some contexts but is not a universal requirement for all unserviceable property, especially if it cannot be salvaged or has no economic value.