When are reports of surveys required?

• A. For all property
• B. Only for property over 50,000
• C. Never
• D. For property with value less than 500

Answer: (D)

In property accountability, a formal Report of Survey is used to document and resolve losses, damages, or shortages of government property. The rule here establishes a value threshold to decide when that formal process is needed. Specifically, items valued at less than 500 dollars still require a Report of Survey. The idea is to ensure even inexpensive items are properly accounted for and disposed of if missing or damaged, rather than letting small losses go unchecked. This keeps inventory accurate and supports proper accountability and potential adjustments in property records or funds.

That’s why this option is the best fit: it reflects the policy that small-valued property still triggers formal documentation, whereas the other choices either overstate the scope, understate it, or ignore the requirement altogether.