Standard Practice for Tangible Property Mobility Index (MI)

1.1 This practice covers standardizing practice and terminology related to information conveying the mobility of tangible property.

1.2 This practice describes a graduated index depicting in a standard manner the mobility of tangible property, assigning a standard name and index number to each. The index ranges from indiscernible to immovable. The mobility index ranges from MI 0 for non-discernable items to MI 10 for real property.

1.3 While examples are given of items that may be associated with a particular mobility index number, the intent of this practice does not include rigid prescriptive assignment of items or types of items to specific mobility indexes. Individual entities may make their own assignments based on their judgment unless or until standard practice based on experience using this practice emerges.

1.4 In conjunction with Practice E2608, entities may base decisions on control classes and control classes in whole or in part based on the mobility indices of the items.

1.5 In conjunction with Practice E2132, entities may develop their physical inventory plans for classes of items based in whole or in part on the mobility indices of the items.

1.6 In conjunction with Practice E2131, entities may analyze and report their loss, damage, and destruction experience based in whole or in part on the mobility indices of the items.

1.7 There is no existing, recognized practice for recording, discussing, and comparing mobility information.

1.8 This practice is designed to be applicable and appropriate for all tangible property-holding entities.

1.9 This standard does not purport to address all of the safety concerns, if any, associated with its use. It is the responsibility of the user of this standard to establish appropriate safety and health practices and determine the applicability of regulatory limitations prior to use.