All,

A question has come up in my organization regarding the retention period 
for source documentation (checks, invoices, POs) supporting the acquisition 
costs of capital assets.  

Our current retention period and regulatory requirements state that these 
be retained for Fiscal Year + 4.  However, that policy is being questioned, 
and it has been suggested that these records be retained for the life of the 
asset + 4.  Obviously, this is a significantly longer retention period for 
some assets! 

I would appreciate if you could share your approach to retaining this type 
of information.

Any feedback is much appreciated!   

Thanks,
Chad Doran, PhD, CRM
Enterprise Records and Information Manager
Johns Hopkins University Applied Physics Lab   

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