What action must be taken for lost or damaged government property?

The requirement to file a report and make appropriate adjustments in accordance with AR 735-5 is essential when government property is lost or damaged. This reflects the accountability principles mandated by the regulation, which is designed to ensure proper oversight and management of government assets.

When government property is deemed lost or damaged, it is crucial to establish a chain of documentation that tracks the incident, assesses the circumstances surrounding the loss or damage, and identifies any liability issues that may arise. Filing a report initiates this process and helps maintain accurate records of property condition and accountability, which is vital for audit compliance and operational integrity.

Adjustments to the property records are necessary to reflect the current status of the items in question. This may involve inventory management actions, loss reporting, and potential financial adjustments depending on the findings of the investigation into the loss or damage. Such actions ensure that property accountability is preserved and that the organization can act in accordance with regulatory requirements.

In contrast, the other options do not align with the protocol established by AR 735-5 regarding lost or damaged property. Immediate replacement or returning the item to its original location doesn’t address the necessary administrative procedures that must be followed first. Neglecting to take any action is also against the requirements outlined in the regulation