Initiatives to Improve Free Asset Management

LCD-77-416 Published: Feb 28, 1977. Publicly Released: Feb 28, 1977.

Highlights

The Department of Defense (DOD) generates funds by selling equipment which is not required to be replaced in DOD inventory. Receipts from these sales are called free assets. DOD has taken corrective actions to improve its management of free assets.

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Chuck Young

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youngc1@gao.gov

(202) 512-4800

Topics

National Defense

Cost accountingDefense procurementFinancial managementForeign military salesInternational tradeNaval suppliesTangible assetsMilitary forcesAsset managementInventory