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Budget Assessment Form
Fixed Assets
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Form 990
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Fixed Assets
Fixed Assets
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