Hubbell Policies

REPORTING None DEFINITIONS Property, Plant and Equipment shall mean includes all expenditures for real and personal property directly related to the acquisition or construction of, and the preparations for its intended use. Disposition shall mean a transfer of ownership or permanent withdrawal from trade or business of an asset including: sale or exchange, retirement, physical abandonment, destruction, transfer to supplies, scrap, Involuntary Conversion Partial Disposition shall mean disposition of a portion of an asset as a result of a casualty event, as part of a like-kind exchange, or a sale of a portion of an asset. Involuntary Conversion shall mean assets lost as a result of involuntary events such as fire, theft, etc. Net Proceeds shall mean proceeds received less direct costs incurred to complete the sale RELATED DOCUMENTS (Policies, Guidelines, Standards)

• FIN-04 Authority For Expenditure Policy • Asset Sale Disposition Approval Request Form

VERSION

Version

Approval

Effective 2014.08.01 2019.08.15

Changes

1 2

J. Capozzoli, A. Hsieh, S. Mais J. Capozzoli, K. Lane, S. Mais

Original Issue

Conformed to new template

129