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Tuesday, August 4, 2020 | History

3 edition of A review of the sale of scrap, surplus, and obsolete inventory at the Long Island Rail Road found in the catalog.

A review of the sale of scrap, surplus, and obsolete inventory at the Long Island Rail Road

New York (State). Metropolitan Transportation Authority. Office of the Inspector General.

A review of the sale of scrap, surplus, and obsolete inventory at the Long Island Rail Road

by New York (State). Metropolitan Transportation Authority. Office of the Inspector General.

  • 50 Want to read
  • 34 Currently reading

Published by The Office in [New York, N.Y.] .
Written in English

    Subjects:
  • Long Island Railroad Company.

  • Edition Notes

    StatementOffice of the Inspector General, Metropolitan Transportation Authority.
    ContributionsRussell, Sanford E., Long Island Railroad Company.
    The Physical Object
    FormatMicroform
    Pagination3, 10, [7] leaves.
    Number of Pages10
    ID Numbers
    Open LibraryOL22262974M

    Customers located along Conrail's lines have access to the national rail network through either railway. As a local rail service provider, it's our job to make sure that customers' freight shipments are safely and efficiently moved between their rail sidings and the long distance freight trains operated by CSX and Norfolk Southern. Narst Company has old inventory on hand that cost $18, Its scrap value is $24, The inventory could be sold for $60, if manufactured further at an additional cost of $18, What should Narst do? a. Sell the inventory for $24, scrap value. b. Dispose of the inventory .

      Hi, Would you put Scrap and Warrenty in the same bucket with a target of 1% of sales or seperately? Also, how do you calculate inventory turns? I have heard many different versions, the one that I used to use was value of inventory against sales, however this doesn’t fit when you take Labour, overhead and profit into the calculation.   Describe disposal of scrap, surplus & non-moving inventory. Describe disposal of scrap, surplus. Need Answer Sheet of this Question paper, contact [email protected] ARAVIND – – Describe disposal of scrap, surplus. We are a team of highly committed professionals, who aim at helping Clients to achieve their.

    Grand Co. trades in an old machine for a new machine. The new machine has a list price of $10, The old machine has a cost of $12,, and accumulated depreciation of $9, In addition, Grand will pay $6, towards the purchase. Because the new machine is much more technologically advanced, the exchange has commercial substance. Dave Caruso Aug at pm. Correction. The summer of the great Star Wars action figure caper was the summer of , not sorry for the type-o. Also, what is now Parker Court, which showcases luxury homes that were constructed in the late s, is where “Suey” once was and not too far from the cliff was what appeared to be a semi-constructed rail bridge.


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A review of the sale of scrap, surplus, and obsolete inventory at the Long Island Rail Road by New York (State). Metropolitan Transportation Authority. Office of the Inspector General. Download PDF EPUB FB2

Answer Usually scrap Inventory is written of as waste or included in the running operations of a company because while it may be called scrap, it may have a use.

If it doesn't have a use it's. COLLECTION, SALE AND DISPOSAL: Lion Surplus is responsible for the collection, sale and/or disposal of University-owned equipment, supplies and/or materials which have become obsolete, surplus or scrap to the needs of any University department.

Departments may dispose of surplus items directly to Lion Surplus. Scrap isn’t a product at all. Instead, scrap is leftover pieces of items that were used to make a product. That’s why your normal customers aren’t interested in buying scrap.

Accountants don’t make a distinction between normal and abnormal scrap — it’s all scrap. You need to make decisions about allocating costs and revenue for scrap. Surplus inventory: Avoid it, identify it, sell it A customer cancels a large order. A vendor offers a moderate discount to double an order for products you might sell over the next 12 months.

This month's sales forecast is inaccurate. All of these scenarios can result in something industrial distributors dread: surplus inventory. No department/individual is allowed to remove or haul scrap metal (including valuable metals such as copper, brass, stainless steel, aluminum, iron, etc.) off campus to any recycler without “prior notification to” and “authorization from” the UNL Inventory Surplus & Asset Management Department.

Scrap value is the worth of a physical asset's individual components when the asset itself is deemed no longer usable. The individual components, known as scrap, are worth something if. Cash is king, egos and sloppy inventory are jokers. Disposing of obsolete inventory could be your most profitable sale.

Stale in inventory is a depreciating asset which is devaluing at an ever increasing rate. Disposing of obsolete product and material strengthens your working capital and cash flow enabling investment in producing assets.

New & Used Inventory. Harmer Steel maintains large inventories of rail and track accessories in multiple locations. These inventories allow us to ship promptly, which eliminates costly delays and downtime.

We can supply both new and used rail and accessories. Our rail inventory spans the entire range from 12 to lb. rail. Scrap loses value if it is excessively contaminated with lubricants and cutting fluids. Reclaiming fluids by draining or spinning not only increases your scrap value, but you may be able to reuse them.

When switching from one metal to another in a machine, no matter how well you clean, some old material will be caught in the machine. AZ 4 days 23 hours: $ Forklift Boom, Jig and 6 rail car dummy trucks with steel wheels.

Provide cost-savings to the MTA by outlining a procedure for the transfer of surplus personal property; 4. Recover value from surplus personal property through its sale, either for reuse or for scrap; and 5. Minimize disposal and storage costs by providing means for the donation of surplus personal property with negligible resale value.

this method. Figure shows the fields on the production screen used to enter the scrap and scrap reason. Enter scrap inventory using the scrap entry screen as shown in Figure The user enters a quote with the customer ‘SCRAP’.

The system has a flag on the main screen that indicates that this is really scrap – not a sales quotation. Sale of Scrap: Cash or Accounts Receivable xxx Work in process Control xxx (Posting made to specific job cost record) Scrap common to all jobs: Scrap returned to storeroom: No journal entry.

(Notation of quantity received and related job entered in the inventory record) Sale of Scrap: Cash or Accounts Receivable xxx Manufacturing Overhead Control xxx (Posting made to subsidiary ledger.

Contact Us: (Toll Free) [email protected] More contact options. Retail Store Location: st Street W Suite Apple Valley, MN Hours: Mon-Fri: AM. All scrap metal should be placed in the scrap metal container controlled by the property surplus manager.

The scrap metal shall be sold to the co mpany supplying the container. Auxiliaries may dispose of their own scrap metal and/or surplus property at a public sale or turn it over to the property surplus manager for disposition. Unsold Surplus must be taken to the University’s Surplus Materials Disposal.

A supervisor must transport the items. Materials and equipment deemed to be worthless equipment by Plant Ops Directors will be disposed of appropriately.

No individual employee may personally benefit from the sale of university or contractor owned. On February 1,Nelson Corporation purchased a parcel of land as a factory site for $, An old building on the property was demolished, and construction began on a new building which was completed on November 1, Costs incurred during this period are listed below: Demolition of old building $20, Architect's fees $35,   Now I know some of you might be saying that I am cheating as those PL marker lamps may have been installed new, instead of used, but in a related use case the Cape May Seashore Line has employed surplus PL-3 lamps as so called "snitch lights" as the frequently rusty rail can make crossing activation a bit problematic.

Featured Inventory NISSAN ALTIMA SR Buy Now: $17, Ch. 6: Procurement study guide by madison_colvin includes 19 questions covering vocabulary, terms and more.

Quizlet flashcards, activities and games help you improve your grades. Government surplus Colt pistols for sale The United States House of Representatives has passed a bill mandating the release of all M/MA1 handguns currently stored by the Army. The Team of If the sales price is less than the asset’s book value, the company shows a loss.

Of course, when the sales price equals the asset’s book value, no gain or loss occurs. To illustrate accounting for the sale of a plant asset, assume that a company sells equipment costing $45, with accumulated depreciation of $ 14, for $28, cash.Long Island Rail Road Committee Tuesday, Novem Meeting held at 2 Broadway – 20th Floor New York, New York a.m.

The following Board Members were present: Hon. Kevin Law, Chair, Long Island Rail Road Committee Hon. Susan G. .