Standard Practice for Data Characteristics of Equipment Records

SIGNIFICANCE AND USE
Essential data elements shall be included in the equipment record to provide efficient and effective management of property.
Optional data elements are part of the record depending on the entity’s need or owner's requirements, or both. Optional data elements are not limited to those cited in this practice.
Use of this practice will result in greater efficiency in the management of equipment including its monitoring, performance of physical inventories, self assessments, disposition, etc.
SCOPE
1.1 This practice is not intended to be used for the creation of material records.
1.2 This practice presents both essential and optional data elements contained within an equipment record.
1.3 Essential data elements are requisite and shall be included in a equipment record to ensure efficient, effective management and control of equipment and to provide information regarding the status to management, users, or customers.
1.4 Optional data elements are applicable to equipment records depending upon the needs of the entity. Not all optional data elements are required or applicable to all entities.
1.5 The division of data elements into essential and optional data elements allows this practice to be applied across a wide spectrum of applications.
1.6 This standard does not purport to address all of the safety concerns, if any, associated with its use. It is the responsibility of the user of this standard to establish appropriate safety and health practices and determine the applicability of regulatory limitations prior to use.

General Information

Status
Historical
Publication Date
14-Apr-2009
Technical Committee
Drafting Committee
Current Stage
Ref Project

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NOTICE: This standard has either been superseded and replaced by a new version or withdrawn.
Contact ASTM International (www.astm.org) for the latest information
Designation: E2604 − 09
StandardPractice for
Data Characteristics of Equipment Records
This standard is issued under the fixed designation E2604; the number immediately following the designation indicates the year of
original adoption or, in the case of revision, the year of last revision. A number in parentheses indicates the year of last reapproval. A
superscript epsilon (´) indicates an editorial change since the last revision or reapproval.
INTRODUCTION
The successful life-cycle management of property requires several key tools, one of which is the
individual equipment record. Using the essential data elements will provide a basis for the
establishment of this record. Optional data elements may be used to accomplish various levels of
compliance that may be required by the owners of the equipment.
1. Scope E2135 Terminology for Property and Asset Management
E2306 Practice for Disposal of Personal Property
1.1 This practice is not intended to be used for the creation
E2379 Practice for Property Management for Career Devel-
of material records.
opment and Training (Withdrawn 2013)
1.2 This practice presents both essential and optional data
elements contained within an equipment record.
3. Terminology
1.3 Essential data elements are requisite and shall be in-
3.1 Definitions—for general terminology related to property
cluded in a equipment record to ensure efficient, effective
management systems, see Terminology E2135.
management and control of equipment and to provide infor-
3.1.1 accountable entity, n—entity having the equipment
mation regarding the status to management, users, or custom-
and obliged to accept responsibility.
ers.
3.1.2 acquisition cost, n—purchase price paid for property
1.4 Optional data elements are applicable to equipment
and any appropriate subsequent improvements to it and in-
records depending upon the needs of the entity. Not all optional
cludes cash paid or fair value received and material amounts of
data elements are required or applicable to all entities.
preparation cost such as inspection, test, and installation.
E2379
1.5 The division of data elements into essential and optional
data elements allows this practice to be applied across a wide
3.1.3 data element, n—individual fact collected to populate
spectrum of applications.
information for the equipment record.
1.6 This standard does not purport to address all of the
3.1.4 date manufactured, n—year item was built by manu-
safety concerns, if any, associated with its use. It is the
facturer that is usually displayed on the back of the item.
responsibility of the user of this standard to establish appro-
3.1.5 date placed in service, n—date the equipment is put
priate safety and health practices and determine the applica-
into operation.
bility of regulatory limitations prior to use.
3.1.6 description, n—a statement or an account describing
something.
2. Referenced Documents
2 3.1.7 disposal, n—processes involved in the removal of
2.1 ASTM Standards:
personal property from the property accounting system after
C1154 Terminology for Non-Asbestos Fiber-Reinforced Ce-
assignment for utilization, donation, sale, abandonment, or
ment Products
destruction. E2306
3.1.8 disposition date, n—a specific date on which the item
This practice is under the jurisdiction of ASTM Committee E53 on Asset
was disposed.
Management and is the direct responsibility of Subcommittee E53.02 on Data
3.1.9 disposition document, n—document evidencing
Management.
method of equipment record retirement.
Current edition approved April 15, 2009. Published May 2009. DOI: 10.1520/
E2604-09.
For referenced ASTM standards, visit the ASTM website, www.astm.org, or
contact ASTM Customer Service at service@astm.org. For Annual Book of ASTM
Standards volume information, refer to the standard’s Document Summary page on The last approved version of this historical standard is referenced on
the ASTM website. www.astm.org.
Copyright © ASTM International, 100 Barr Harbor Drive, PO Box C700, West Conshohocken, PA 19428-2959. United States
E2604 − 09
3.1.10 disposal method, n—a process utilized to transfer or 4.3 The equipment data elements for individual record
dispose items. requirements are based upon the legal obligation with the
owner of the equipment.
3.1.11 financial data, n—items of information pertaining or
relating to monetary expenditures.
5. Significance and Use
3.1.12 location, n—a designated area for a specific purpose.
5.1 Essential data elements shall be included in the equip-
3.1.13 manufacturer, n—party that manufactures, fabricates,
ment record to provide efficient and effective management of
or produces materials or products. C1154
property.
3.1.14 model name, n—nomenclature used by the manufac-
5.2 Optional data elements are part of the record dependin
...

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