Which of the following is NOT a method for tracking property?

Tracking property effectively is essential for proper management and accountability in organizations like the Coast Guard. Each tracking method serves a particular purpose and has varying degrees of relevance to property management.

The method focusing on purchase price and payment method is generally not used as a primary means of tracking property. While financial aspects of a property can provide useful information for budgeting and financial forecasting, they do not assist in identifying or locating the item within a management framework. This method lacks the necessary specificity needed for inventory control and does not reflect the physical status or supervision of the property.

In contrast, methods such as categorizing property by category, location, and custodian provide clear organizational structure, making it easy to ascertain who is responsible for what and where each item is located. Tracking by unique identification numbers helps in assigning a distinct, traceable identity to each piece of property, essential for audits and inventory management. Monitoring physical condition and operational status is crucial for maintenance and readiness, allowing managers to ensure the property remains in usable condition and is effectively accounted for.

Overall, while the purchase price and payment method may contribute to financial records, they do not serve as practical tools for tracking property within a management system, which is why this method is not included among the commonly accepted tracking methodologies.