H-10. Capital Asset Management
All equipment with an acquisition value in excess of $5,000 is classified as capital equipment. Capital assets have a useful life of one year or more and exceed the capitalization threshold. The threshold may vary, but ultimately it is the dollar amount that determines the proper classification of an asset. The campus capital asset management coordinator can provide assistance and training for tracking assets. Please contact Accounting Services for assistance.
Additional information and training resources in regard to capital asset management can be found on the financial training and communications website.
Capital Asset Physical Equipment Moves
If any organization physically moves any equipment (asset) to another location (e.g., equipment moved to a different building or sub-room) on campus, the capital asset management coordinator must be notified as soon as possible, either by e-mail or written confirmation, with the exact new building location, room number, and sub-room number, if applicable.