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Asset Capitalisation Threshold

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Definition overview

1 Definition

The amount which determines when acquisitions of the University will be classified as an asset. The Asset Capitalisation Threshold is $5000. All acquisitions less than the Asset Capitalisation Threshold will be expensed in the year of acquisition. All acquisitions greater than $5000 will be treated as assets of the University.

2 References

UniSQ Defined.

3 Definition Information

Approved Date

26/3/2015

Effective Date

26/3/2015

Record No

15/764PL

Failure to comply with this Policy or Policy Instrument may be considered as misconduct and the provisions of the relevant Policy or Procedure applied.

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