A fixed asset is something you buy today that will benefit you tomorrow.
What Needs to be Capitalized?
- Equipment/furnishing purchases $5,000 and up (per unit) that has a useful life of 3 years or more.
- Also includes software licenses, motor vehicles, and golf carts
- Capital construction projects including:
- New Buildings
- Building renovations that modify the building structure, change its intended use, and/or increases the useful life of the building
- Campus land improvements
Capital Object Codes
| 71197 | Building remodeling |
| 71198 | Minor construction |
| 71210 | Books, periodicals, and media |
| 71220 | Books and periodicals-special |
| 71391 | Research equipment |
| 71392 | General instructional equipment |
| 71393 | General office machinery and equipment |
| 71394 | General furniture and furnishings |
| 71395 | Motor vehicles |
| 71396 | Machinery and tools |
| 71397 | Golf carts |
| 71398 | Security/surveillance systems |
| 71399 | Portable equipment |
| 71492 | Information tech. instructional |
| 71493 | Information tech office machinery & equipment |
| 71494 | Capitalizable software |
| 71495 | Information tech network equipment |
(Links won’t work)
Click Here for Fixed Asset Addition Request Form
The following forms are only used by Facility Services Project Managers.Click Here for Capital Project Request Form
Click Here for Capital Project Change Request Form
The following forms are only used by Facility Services Project Managers.Click Here for Capital Project Request Form
Click Here for Capital Project Change Request Form