= Excess property
{wiki=Excess_property}
Excess property generally refers to assets that an organization owns but does not currently use or need for its operations. This can include physical items such as equipment, furniture, vehicles, or real estate, as well as intangible assets that are surplus to requirements. In a corporate context, excess property may arise from various situations, such as: 1. **Business Downsizing**: When a company reduces its workforce or operations, it may end up with more office space or equipment than it needs.
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