The Fixed Asset Department ensures that the university’s physical assets are recorded and safeguarded in compliance with the university’s policies and third party requirements.
Any property, furniture, equipment, or software that equals or exceeds a per unit cost or gift value of $5,000 and has a useful life of more than one year must be treated as a capitalized asset.
Capitalized Asset Definition and Capitalized Expense Accounts
Office of the University Controller
45155 Research Place
Ashburn VA 20147
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