Taking inventory is the logical first step to untangling all of these idle assets. For that, the company relied on iVita to sort everything out. They found that some of the idle assets matched up with the needs of other company locations. They redeployed those assets and thus avoided purchasing new ones. The other idle assets were sold or donated to generate some extra cash and significant tax write-offs.
Equipment is purchased, used and eventually discarded.
In many instances the equipment is not disposed of until it no longer has value. The ultimate goal of the iVita solution is to help you effectively manage your assets in ways that increase cash flow and income. Before you can decide to sell any surplus assets, you must be equipped with enough information to make the deal profitable. First of all, you need to know what you can sell. Most companies have at least a few idle assets.