What is the action taken if you lose or damage a piece of equipment?

When equipment is lost or damaged, completing a Statement of Charges is the proper action to take. This statement is a formal document needed to account for the loss or damage and serves multiple purposes, such as initiating the process for financial liability or replacement of the equipment. It ensures that the incident is documented accurately and aligns with military procedures regarding property accountability and responsibility.

Completing a Statement of Charges involves detailing the circumstances surrounding the loss or damage and may also include efforts made to recover or repair the equipment. This procedure is fundamental within military protocols to maintain accountability and facilitate the appropriate handling of government property. The other options, while related to various responses in different contexts, do not fulfill the specific requirements set forth in military regulations regarding equipment accountability.