While sometimes referred to in the context of a company undergoing liquidation, Asset recovery also can describe the process of liquidating excess inventory, refurbished items, and equipment returned at the end of a lease.
[3] Because unproductive assets cost money, it is important to classify them as such by investment recovery personnel.
For effective reuse, another part of the company needs to require an asset of that kind.
One form of internal redeployment is cannibalization of usable spare parts from one asset to another.
In addition, a good asset sale produces revenue and boosts profits.