Capital Equipment

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Capital Equipment
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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

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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

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Example List components of Systems
Currently

• 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

• SVE System
• Blower
• Heat Exchanger
• Moisture Separator
• Transfer Pump
• Bag Filter
• Manifold VE

So you have a repair - replaced compressor
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Repair (This is the advantage of Capitalizing
systems)

• Shoot me an Email
  equipmenthelpdesk_at_wrscompass.com
• 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!

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Need 4 Supporting Documentsto capitalize
equipment

• Property Reporting Form (PRF)
• Manufacturers Invoice
• Page 1 of the Contractors Invoice
• Section G-1.1 of the template W/Changes

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Please use Revised PRF

• Located on the DEP Website
• Announcements and Upcoming events
• Equipment information

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Enclosure Vs Systems

• Price Enclosure
• Building
• Trailer
• Cargo Container

• Price Systems
• AS
• SVE
• MPX/DPX
• Oxidizer
• Carbon
• Other could be
• C-Sparge
• Ozone

• Carbon
• 55Gal drums are Never Capitalized

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Revised Property Reporting Form
Note Enclosure, CP Telemetry is Priced
separately but will be given one Property
Want to see in G1.1
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Revised Property Reporting Form
One enclosure per Property Reporting Form
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An Oxidizer

• Will always have its own Property Reporting Form
• Oxidizers are Going Places Usually on Trailers

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Potential Component List The components
will need to be entered under Systems
Potential Component List for Systems - on the 2nd
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

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Use the Potential Component List for entering
components under systems
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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

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Receive New Property Numbers
2 Need Signature of SM or OM Inspector /
Consultant
1 Return signed copy of Property Letter
or Email signed copy
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Property Letter
Are All items listed? Any major component not
listed??
NOTE Enclosure Trailer Listed
Is the letter Signed??
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Site Manager has Decalsand
Returns CORRECTED. Property Letter
Hey Bob This aint no Trailer
!!!
But the Property Letter says its a
Trailer !!
Better make correction to
Property Letter
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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)

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Questions ??

• Questions before we talk about Titles?

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Titles Certificates of Origin

• ALL
• Starts with the VIN Number
• (Vehicle Identification Number)

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Did you Know.

• A VIN Number has 17 digits
• There is an algorithm for determining and
  checking VIN Numbers

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Algorithm .Fun Facts
1-3 World Manufacturer identifier 4-8
Vehicle Attributes 9 Check digit 10 Model
Year 11 Plant Code 12-17Sequential Numbers
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VIN and your Property Reporting Form
Trailer Mounted List VIN Number List
Dimensions
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Certificate of Origin

• Acceptable for Trailers less than 2000 lbs
• AKA
• MSO Manufacturers Statement of Origin

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Certificate of Origin

• 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

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Florida Title

• Need signature of Seller (Contractor)
• Print Sellers name legibly
• Leave buyer and price blank

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Seller must sign here
Seller Must sign here
Print here
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Format of the title may change
Print Name of Seller

Signature of Seller
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Out of State Titles

• Not accepted
• VIN Verification is needed
• Vin Verification Form PLUS Out of state Title
  at DMV
• Florida Title

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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.

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Vehicle Tags

• On File at WRS
• Or
• Tags on Trailers
• Only if being moved within 6 months
• Not in the possession of contractors

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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

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Thank you,

• For your Attention.