Intangible Assets (Software)


  • Title to equipment purchased with University funds (excluding Agency Funds) through the University Purchasing Department or through a retail-sales center on campus shall be considered property of The University of Iowa.
  • Software must have a useful life of more than one year and have a minimum capitalization
    • for Non UIHC Orgs is $500,000
    • for UIHC Orgs is $5,000
  • Software acquired with Agency Funds (currently Funds 950 – 997) cannot be capitalized and should not be purchased with a 6740 Iact.