12.14 Equipment Capitalized as Part of Construction Project

(Amended 4/08)

The University of Iowa has an equipment capitalization threshold of $5,000 for all individual asset purchases. However, an exception to this policy exists when equipment is acquired as a component of a construction project. In these situations equipment items below the University's capitalization threshold of $5,000 that are part of the building project are grouped (bundled) together with other similar asset classifications and capitalized in the University's capital asset management system.