Capital Equipment. A Little History Years ago – Capitalized by System Then came the idea of...
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Capital Equipment. A Little History Years ago – Capitalized by System Then came the idea of Capitalizing by components Now we have come full circle and
A Little History Years ago Capitalized by System Then came the
idea of Capitalizing by components Now we have come full circle and
are Capitalizing by Systems
Slide 3
Capitalizing Under two methods Prior 2010 components have
Property Numbers Capitalized by components A Component must be
surplused Replacement Component capitalized Provide Cost of each
major component Currently Systems have Property Numbers Capitalize
by systems Example AS System SVE System Enclosure, CP & T
Provide Cost of Systems
Slide 4
Example: List components of Systems SVE System Blower Heat
Exchanger Moisture Separator Transfer Pump Bag Filter Manifold VE
Advantage to Capitalizing Systems: do not capitalize or surplus
components * Still need makes, models and serial numbers of
components * Items with a cost of $1,000. or more must be listed as
a component of a system AS System Compressor 1 Compressor 2 Heat
Exchanger 1 Heat Exchanger 2 Manifold AS Control Panel Telemetry
Currently So you have a repair - replaced compressor So you have a
repair - replaced compressor
Slide 5
Repair (This is the advantage of Capitalizing systems) Shoot me
an Email [email protected][email protected] Need to up date the database with
new: Make and Model Numbers New Serial numbers Specifications
HELPFUL WITH RE USE PROGRAM You will say When you need Equipment
for reuse!
Slide 6
Need 4 Supporting Documents to capitalize equipment Property
Reporting Form (PRF) Manufacturers Invoice Page #1 of the
Contractors Invoice Section G-1.1 of the template W/Changes
Slide 7
Please use Revised PRF Located on the DEP Website Announcements
and Upcoming events Equipment information
Slide 8
Enclosure Vs Systems Price Enclosure Building Trailer Cargo
Container Carbon 55Gal drums are Never Capitalized Price Systems AS
SVE MPX/DPX Oxidizer Carbon Other could be C-Sparge Ozone
Slide 9
Revised Property Reporting Form Want to see in G:1.1 Want to
see in G:1.1 Note: Enclosure, CP & Telemetry is Priced
separately but will be given one Property #
Slide 10
Revised Property Reporting Form One enclosure per Property
Reporting Form One enclosure per Property Reporting Form
Slide 11
An Oxidizer Will always have its own Property Reporting Form
Oxidizers are Going Places Usually on Trailers
Slide 12
Potential Component List The components will need to be entered
under Systems Potential Component List for Systems - on the 2 nd
Tab of Property Reporting Work Book Form AS System Compressor Heat
Exchanger Manifold AS Control Panel Telemetry SVE System Blower
Manifold VE Moisture Separator Air Stripper Tray Air Stripper Tower
Equalization Tank Knock Out Tank Transfer Pump Bat Filter Control
Panel Telemetry
Slide 13
Use the Potential Component List for entering components under
systems
Slide 14
Equipment has been Capitalized You will Receive Property Letter
listing equipment Is this CORRECT? If not, let me know You will see
this list each year AS YOUR INVENTORY! Make sure decals are
attached to equipment
Slide 15
Receive New Property Numbers #2 Need Signature of SM or O&M
Inspector / Consultant #2 Need Signature of SM or O&M Inspector
/ Consultant # 1 Return signed copy of Property Letter or Email
signed copy # 1 Return signed copy of Property Letter or Email
signed copy
Slide 16
Property Letter Is the letter Signed?? Is the letter Signed??
Are All items listed? Any major component not listed?? Are All
items listed? Any major component not listed?? NOTE: Enclosure
Trailer Listed NOTE: Enclosure Trailer Listed
Slide 17
Site Manager has Decals and Returns CORRECTED. Property Letter
Hey Bob This aint no Trailer !!! Hey Bob This aint no Trailer !!!
But the Property Letter says its a Trailer !! But the Property
Letter says its a Trailer !! Better make correction to Property
Letter Better make correction to Property Letter
Slide 18
Signed Property Letter Needs to reflect equipment Purchased on
the indicated work order. Existing Property and Transfer Property
will not be listed on Property letter (But will be on the end of
year Inventory)
Slide 19
Questions ?? Questions before we talk about Titles?
Slide 20
Titles & Certificates of Origin ALL Starts with the VIN
Number (Vehicle Identification Number)
Slide 21
Did you Know. A VIN Number has 17 digits There is an algorithm
for determining and checking VIN Numbers
Slide 22
Algorithm .Fun Facts 1-3 World Manufacturer identifier 4-8
Vehicle Attributes 9 Check digit 10 Model Year 11 Plant Code
12-17Sequential Numbers 1-3 World Manufacturer identifier 4-8
Vehicle Attributes 9 Check digit 10 Model Year 11 Plant Code
12-17Sequential Numbers
Slide 23
VIN # and your Property Reporting Form Trailer Mounted List VIN
Number List Dimensions Trailer Mounted List VIN Number List
Dimensions
Slide 24
Certificate of Origin Acceptable for Trailers less than 2000
lbs AKA MSO Manufacturers Statement of Origin
Slide 25
Trailers more than 2000 lbs Contractor required to provide
Florida Title VIN verification form W/ Certificate of Origin at the
DMV= Florida Title VIN verification forms are found at the DMV or I
can provide one for you An officer or Examiner from DMV must sign
the VIN Verification Form Certificate of Origin
Slide 26
Florida Title Need signature of Seller (Contractor) Print
Sellers name legibly Leave buyer and price blank
Slide 27
Seller must sign here: Seller Must sign here Print here Print
here
Slide 28
Format of the title may change Signature of Seller Signature of
Seller Print Name of Seller Print Name of Seller
Slide 29
Out of State Titles Not accepted VIN Verification is needed Vin
Verification Form PLUS Out of state Title at DMV = Florida
Title
Slide 30
Vehicle Tags There are NO -Universal Tags Tags are on file at
WRScompass You may Request a vehicle tag Return Required When
Trailer has been set up or moved to storage (exception): if trailer
is to moved again within 6mo.
Slide 31
Vehicle Tags On File at WRS Or Tags on Trailers Only if being
moved within 6 months * Not in the possession of contractors
Slide 32
Still have a few Untitled Trailers DMV = 3 day Temporary Tag
For moving remediation equipment on wheels from one site to another
Cost= $50.00