Capital Assets
Tangible and Intangible Assets
The term capital assets include tangible assets such as property, plant, equipment, and intangible assets such as easements, water rights and software. To be recorded as a capital asset, the threshold as of July 1, is as follows:
| Description | Capitalization Threshold |
|---|---|
| Equipment and Furnishings | $10,000 |
| Vehicles | $10,000 |
| Land* | $100,000 |
| Buildings and Improvements* | $100,000 |
| Intangible - Software** | $250,000 |
| Intangible - Other | $250,000 |
| Land Improvements | $100,000 |
| Leasehold Improvements | $100,000 |