Capital Asset Purchases and Allocation of Depreciation
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
There are no checklists related to this portion of the book at this time. Please check back in the future!
TRAINING MATERIALS
Review the below training materials related to capital asset purchases and allocation of depreciation:
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: