IV.L. Capitalization Policy

From BSC Policy
Revision as of 22:40, 25 January 2012 by xx>Willkrantz (new policy from 12/8/11 board meeting)
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)
Jump to navigationJump to search
The printable version is no longer supported and may have rendering errors. Please update your browser bookmarks and please use the default browser print function instead.

To capitalize a purchase, the item being purchased shall meet all of the following requirements:

1. The asset is tangible and complete.
2. The asset is used in the operation of the Berkeley Student Cooperative’s activities.
3. The asset has a useful life longer than a year.
4. The asset is of significant value, defined as having a purchase price greater than $500.
5. A bulk purchase of furniture, fixture, and equipment (as defined by GAAP) shall be capitalized if it’s purchased for the renovation or creation of a new unit.
6. This policy does not apply to assets placed in service before 2/29/2012.


[Board Approved 12/8/11]]

Retrieved from "https://policy.bsc.coop/index.php?title=IV.L._Capitalization_Policy&oldid=958"