ASTM E2135-2010ae1 Standard Terminology for Property and Asset Management《财产与资产管理相关标准术语》.pdf

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1、Designation: E2135 10a1Standard Terminology forProperty and Asset Management1This standard is issued under the fixed designation E2135; the number immediately following the designation indicates the year oforiginal adoption or, in the case of revision, the year of last revision. A number in parenthe

2、ses indicates the year of last reapproval. Asuperscript epsilon () indicates an editorial change since the last revision or reapproval.1NOTESection 2 was updated and terms were placed in Section 3 editorially in July 2013.1. Scope1.1 This terminology covers traditional property manage-ment definitio

3、ns and some of the terms introduced in additionalasset management standards that are used most often andconsidered most important. As new standards are developed,new terms will be added to this terminology in future revisions.2. Referenced Documents2.1 ASTM Standards:2E2221 Practice for Administrati

4、ve Control of Property(Withdrawn 2011)3E2306 Practice for Disposal of Personal PropertyE2452 Practice for Equipment Management Process Matu-rity (EMPM) ModelE2453 Practice for Determining the Life-Cycle Cost ofOwnership of Personal PropertyE2495 Practice for Prioritizing Asset Resources inAcquisitio

5、n, Utilization, and DispositionE2604 Practice for Data Characteristics of Equipment Re-cordsE2606 Practice for Receipt Notification as a Result ofTangible Property MovementE2607 Practice for Cannibalization/Reclamation of Service-able Equipment Components to Support Demand Require-mentsE2608 Practic

6、e for Equipment Control Matrix (ECM)E2674 Practice for Assessment of Impact of Mobile DataStorage Device (MDSD) LossE2675 Practice for Property Management System OutcomesE2811 Practice for Management of Low Risk Property(LRP)E2812 Practice for Uniform Data Management in AssetManagement Records Syste

7、ms3. Terminology3.1 Terms and Definitions:abandon, vto give up all and any future claim to rights orinterest in property.abandoned property, nproperty of any type over which therightful owner has relinquished possession and any claim ofan ownership interest.abatement, na reduction or cancellation of

8、 an assessed tax.ABC method, ninventory management method that catego-rizes items in terms of importance. Thus, more emphasis isplaced on higher dollar value items (“A”s) than on lesserdollar value items (“B”s), while the least important items(“C”s) receive the least time and attention. Inventory sh

9、ouldbe analyzed frequently when using the ABC method. Theprocedure for ABC analysis follows: (1) Separate finishedgoods into types (chairs of different models, and so on);separate raw materials into types (screws, nuts, and so on).(2) Calculate the annual dollar usage for each type ofinventory (mult

10、iply the unit cost by the expected futureannual usage). (3) Rank each inventory type from highest tolowest, based on annual dollar usage. (4) Classify theinventory as Athe top 20 %; Bthe next 30 %; andCthe last 50 % of dollars usage, respectively. (5) Tag theinventory with its appropriate ABC classi

11、fication and recordthose classifications in the item inventory master records.abnormal spoilage, nfor government accounting under theFAR, abnormal spoilage may or may not be allowable cost.If the cost is deemed allowable, the cost would normally becharged consistently with normal spoilage.accelerate

12、d cost recovery system (ACRS), nsystem ofdepreciation for tax purposes mandated by the EconomicRecovery Act (ERA) of 1981 and modified by the TaxReform Act of 1986. The type of property determines itsclass. Instead of providing statutory tables, prescribed meth-ods of depreciation are assigned to ea

13、ch class of property.For 3, 5, 7, and 10-year classed, the relevant depreciation1This terminology is under the jurisdiction of Committee E53 on AssetManagement and is the direct responsibility of Subcommittee E53.06 on Terminol-ogy.Current edition approved Oct. 15, 2010. Published November 2010. Ori

14、ginallyapproved in 2001. Last previous edition approved in 2010 as E2135 10a. DOI:10.1520/E2135-10AE01.2For referenced ASTM standards, visit the ASTM website, www.astm.org, orcontact ASTM Customer Service at serviceastm.org. For Annual Book of ASTMStandards volume information, refer to the standards

15、 Document Summary page onthe ASTM website.3The last approved version of this historical standard is referenced onwww.astm.org.Copyright ASTM International, 100 Barr Harbor Drive, PO Box C700, West Conshohocken, PA 19428-2959. United States1method is the 200 % declining balance method. For 15 and20-y

16、ear property, the appropriate method is the 150 %declining balance method switching to the straight-linemethod when it will yield a larger allowance. For residentialrental property (27.5 years) and nonresidential real property(31.5 years), the applicable method is the straight-linemethod. A taxpayer

17、 may make an irrevocable election totreat all property in one of the classes under the straight-linemethod. Property is statutorily placed in one of the classes.The purpose of ACRS is to encourage more capital invest-ment by businesses. It permits a faster recovery of the assetscost and thus provide

18、s larger tax benefits in the earlier years.See also modified accelerated cost recovery systems(MACRS).accelerated depreciation, nany method of calculating de-preciation charges where the charges become progressivelysmaller each periodaccessory item, nan item that facilitates or enhances theoperation

19、 of equipment but is not essential for its basicoperation.accountability, nindividual or departmental responsibility toperform a certain function. Accountability may be dictatedor implied by law, regulation, or agreement. For example, anauditor will be held accountable to financial statement usersre

20、lying on the audited financial statements for failure touncover corporate fraud because of negligence in applyinggenerally accepted auditing standards (GAAS).accounting change, nchange in: (1) accounting principles(such as a new depreciation method); (2) accounting esti-mates (such as a revised proj

21、ection of doubtful accountsreceivable); or (3) the reporting entity (such as a merger ofcompanies). When an accounting change is made, appropri-ate footnote disclosure is required to explain its justificationand financial effect, thereby enabling readers to makeappropriate investment and credit judg

22、ments. Proper justifi-cation for a change in accounting principles may be theissuance of a new FASB pronouncement, SEC AccountingSeries Release (ASR), or IRS regulation. Changes in esti-mates are justified by changing circumstances such as agreater degree of wear and tear of a fixed asset thanorigin

23、ally anticipated. Generally, the consistent use of ac-counting principles and procedures is essential in appraisingand entitys activities and in the projection of future results;however, changes in the reporting entity have to be retroac-tively reflected for comparative purposes.accretion, nincrease

24、 in economic worth through physicalchange, usually said of a natural resource such as an orchard,caused by natural growth. Contrast with appreciation.accumulated depreciation, nsum of depreciation chargestaken to date on a fixed asset.Accumulated depreciation is acontra account to the fixed asset to

25、 arrive at book value. Forexample, on 1/1/2000 an auto is bought costing $10 000,with a salvage value of $1000 and a life of 10 years. Usingstraight-line depreciation, the accumulated depreciation on12/31/2003 would be $3600 ($900 4).acquisition, nhardware, supplies or services throughpurchase, leas

26、e, or other means, including transfer orfabrication, whether the supplies or services are already inexistence or must be created, developed, demonstrated, andevaluated. E2607activity-based depreciation, nproduction method of depre-ciation.actual cash value, nthe cost of replacing damaged propertywit

27、h other property of like kind and quality in the physicalcondition of the property immediately before the damage.actual cost, nan amount determined on the basis of costincurred including standard cost properly adjusted for appli-cable variance.adjusted basis, nthe basis used to compute gain or loss

28、ondisposition of an asset for tax purposes. Also, see bookvalue.administratively controlled property, nthe property assetsthat are controlled at the discretion of asset managersmanaging the inventories of individual operational units.E2221ad valorem taxlevy imposed on the value of property. Themost

29、common ad valorem tax is that imposed by states,counties, and cities on real estate. Ad valorem taxes can,however, be imposed on personal property.agency-peculiar property, nas used in DoD, means militaryproperty and includes end items and integral components ofmilitary weapons systems, along with t

30、he related peculiarsupport equipment which is not readily available as acommercial item.allocate, vto assign an item of cost, or a group of items ofcost, to one or more cost objectives. This term includes bothdirect assignment of cost and the reassignment of a sharefrom an indirect cost pool.amortiz

31、ation, ngradual reduction of an amount over time.Examples are amortized expenses on intangible assets anddeferred charges. Assets with limited life have to be writtendown over the period benefited. For example, all intangibleassets must be amortized using the straight-line method notexceeding 40 yea

32、rs; the amortization entry in that case is todebit amortization expense and credit the intangible asset.amortization, nthe gradual extinguishment of any amountover a period of time through a systematic allocation of theamount over a number of consecutive accounting periodssuch as the retirement of a

33、 debt by serial payments to asinking fund.amortization, nnormally applies to intangibles whereasdepreciation applies to tangible assets.amortize, vto write off a regular portion of an assets costover a fixed period of time. Examples are amortizationexpense on an intangible asset and depletion expens

34、e on anatural resource. See also sales return.E2135 10a12analytical hierarchy process (AHP), ndecision-makingmodel that reduces complex decisions to one on one com-parisons resulting in the ranking of a list of objectives oralternatives. E2495appraisal, nthe process of obtaining a valuation for an a

35、ssetor liability that involves expert opinion rather than explicitmarket transaction.appraisal method of depreciation, nthe periodic deprecia-tion charge is the difference between the beginning andend-of-period appraised value of the asset if that differenceis positive. If negative, there is no char

36、ge. Not generallyaccepted.appreciation, nincrease in the value of an asset. The assetmay be real estate or a security. For example, an individualsold 100 shares of XYZ companys stock for $105 per sharethat he bought 10 years ago for $25 per share. The amountof appreciation was $8000 = ($105 $25) 100

37、 shares.assembly, na number of parts or subassemblies joinedtogether.assessed valuation, na dollar amount for real estate or otherproperty used by a government as a basis for levying taxes.The amount may or may not bear some relation to marketvalue.assessed value, nvalue established by a government

38、for realestate or other property as a basis for levying taxes. Forexample, an individual receives a statement that, in thejudgment of the local tax assessor, the individuals propertyis worth $50 000. If by law, properties in this jurisdiction areassessed at 80 % of market value, the individuals asse

39、ssedvalue then is $40 000 (80 % of $50 000) and property taxeswill be based on this assessed value.asset, n(1) anything owned having monetary value; (2)tangible or intangible items owned by an entity that haveprobable economic benefits that can be obtained or con-trolled by the entity.asset accounta

40、bility unit, na tangible capital asset which isa component of plant and equipment that is capitalized whenacquired or whose replacement is capitalized when the unitis removed, transferred, sold, abandoned, demolished, orotherwise disposed of.asset priority index (API), nnumerical value assigned to a

41、nasset reflecting its value to an entitys mission or othercritical assignments as defined by the criteria set forth bymanagement. E2495average age of inventory, nnumber of days an averageinventory item takes to sell: For example, assume thataverage inventory is $47 500 and cost of goods sold is$500

42、000. The average age of inventory is ($47 500/$500 000) 365 days = 34.7 days. See also days to sellinventory. Average Inventory divided by Average Age ofInventory = Cost of Goods Sold 365 days.average inventory, namount equaling about half maximuminventory when demand is relatively constant. For exa

43、mple,if the maximum inventory is 500 units and depletion occursat a fairly constant rate, the average inventory equals 250units (500/2).average life, nestimated useful-life expectancy of a depre-ciable group of assets. See also depreciation; economic life;useful life.bailment, ncontractual transfer

44、of dollars or personal prop-erty for a specified objective.An example is the consignmentof goods from the consignor to consignee. Another exampleis a bank holding an asset of a borrower as collateral. In abailment, the deliverer is called the bailor and the receiver istermed the bailee.bargain purch

45、ase, nasset or goods acquired for materiallyless than fair market value. For example, a buyer may beable to get a bargain price on furniture from a seller in aliquidation situation.bargain purchase option, na provision allowing the lesseethe option of purchasing the leased property for an amount,exc

46、lusive of lease payments, which is sufficiently lower thanthe expected fair value of the property at the date the optionbecome exercisable. Exercise of the option must appearreasonably assured at the inception of the lease. GAAP doesnot offer additional guidance defining “sufficiently lower,” inwhic

47、h many factors such as time value of money, usage, andtechnological changes influence whether the option fulfillsthe criteria for a bargain.bargain renewal option, na provision allowing the lesseethe option to renew the lease agreement for a rental paymentsufficiently lower than the expected fair re

48、ntal of theproperty at the date the option becomes exercisable. Exerciseof the option must appear reasonably assured at the inceptionof the lease.basic research, nresearch directed toward increasing knowl-edge in science. The primary aim of basic research is a fullerknowledge or understanding of the

49、 subject under study,rather than any practical application of that knowledge.basis, nacquisition cost, or some substitute therefore of anasset used in computing gain or loss on disposition orretirement.bench stock, nlow cost, high usage, non-sensitive consum-able material issued to work areas. Quantities of such stockdo not normally exceed an amount that would normally beconsumed within a 30-day period or as established in theproperty control system.betterment, nan expenditure having the effect of extendingthe use