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Business Office | Fixed Assets

Definition of "capital asset"

Tagging an item

Inventory process

Transfer or disposal of University property

Policy


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Capital Asset

Individual items that are valued at $5,000 or greater are generally tagged. Exceptions include University vehicles, grounds equipment, cleaning equipment, furniture, etc.

Systems that have a total value of $5,000 or greater are tagged. For example, a computer includes the CPU, monitor, keyboard, and mouse. Printers are considered separate units.

Individual items valued under $5,000 are not generally tagged. Exceptions include any item that is on the University Maintenance Pool.



 updated 5/4/2006 3:44:25 PM



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