Dec 05, 2021  
DMACC Policies and Procedures 
    
DMACC Policies and Procedures
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BS711 - Capitalized Assets


Policy

Section: Business Services

The College shall ensure that a detailed listing of capitalized assets and their related depreciation or amortization be maintained for purposes of internal accountability, audit compliance, insurance recovery and equipment replacement. Capital assets will be classified as land, land improvements, buildings, improvements other than buildings, equipment, intangible assets and construction in progress.

Cross Reference:
Procedure BS5304 - Sale of Surplus Equipment  

Procedure BS5305 - Leased and Lease Purchased Equipment  

Procedure BS5610 - Capital Purchases and Accounting  

Procedure BS5640 - Deleting Equipment from College Records  

Procedure BS5650 - Donations of Equipment to the College  

Procedure BS5660 - Inventory Control System  

Procedure BS5832 - Accounting for Leased Purchase Equipment  

Adopted: July 14, 2008
Reviewed: 2010, 2020

Revised:
December 2019



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