CFB(LOCAL) - ACCOUNTING: INVENTORIES

Capitalization Threshold

The capitalization threshold for purposes of classifying capital assets shall be $5,000.

The following items shall be inventoried fixed assets in the District's system:

All land and land improvements;

All buildings and building improvements;

All vehicles;

Furniture and equipment, including software, that has a potential useful life of more than one year and a value of $5,000 or greater;

Equipment having a useful life of more than one year and a value of $1,000 to $4,999;

All personal computers, including laptops and desktops, and portable standalone technological devices with a value of $500 or greater;

All capital-leased equipment, including software, with a value of $5,000 or greater; and

District-issued weapons.

Corpus Christi ISD

CFB(LOCAL)-X

LDU 2013.06

DATE ISSUED: 7/25/2013