What should be done if an item is lost or damaged?

Reporting an item that is lost or damaged immediately and initiating an investigation is crucial for effective property accountability within the military. Prompt reporting ensures that the issue is documented as soon as it arises, allowing for timely resolution and mitigation of any potential impacts. This action facilitates tracking the item, determining the cause of the loss or damage, and assessing any necessary disciplinary actions or corrective measures. Additionally, early action helps maintain the integrity of property accountability records and complies with military regulations regarding asset management. By adhering to these protocols, military personnel safeguard their units' resources and uphold accountability standards, which are essential in maintaining operational readiness and trust within the military structure.