This section of the recharge and service center units accounting standards book is dedicated to capital asset purchases and the allocation of deprecation for recharge and service center units. Here, one can find resources, policies, and standards aimed at helping the reader grasp the intricacies of this concept.

Understanding the guidelines outlines in this section of the book is paramount for recharge and service centers to effectively handle the acquisition of capital assets and to recover depreciation accurately. This enables the inclusion of depreciation in billing rates. Proper management of capital asset purchases, deprecation requirements, and future funding for such purchases is key to upholding financial transparency and compliance.

Policies

Review the below policies related to capital asset purchases and allocation of depreciation:

• FIN-ACC-150: Ownership, Depreciation, and Capitalization of University Assets
• FIN-ACC-400: Recharge and Service Center Activity
• FIN-GCA-70: Equipment Transfers

Standards

Review the below standards related to capital asset purchases and allocation of depreciation:

• UCO-RSC-6.00: Capital Asset Purchases and Allocation of Depreciation on Recharge and Service Center Accounts 
• C SOPS

Checklists

TRAINING MATERIALS

Review the below training materials related to capital asset purchases and allocation of depreciation:

• Capital Assets Training Path

OTHER RELATED MATERIALS

Review the below other materials related to capital asset purchases and allocation of depreciation:

• Instructions: Steps to Move Capital Assets to a  Plant Fund for Recharge Centers
• Reference Document: Capital Asset Type Code List
• Form: Capital Asset Management System Attestation Form
• Form: Impairment of Capital Asset Acknowledgement Form

IU Financial system reports and procedures

Review the below IU financial system reports and procedures related to capital asset purchases and allocation of depreciation:

• Asset Recovery Report for Rate Setting
• Asset Detail List Report