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What is the minimum capitalization threshold? [1]

The capitalization threshold for moveable equipment (6730) and IT equipment (6731) is $5,000 including installation and shipping. The software (6740) capitalization threshold is also $5,000 for UIHC, but $500,000 for the rest of the University. Any capitalized asset must also have a useful life of more than one year.

Departments may use the non-capital equipment tracking template [2] for equipment below the capitalization threshold, or their own system or spreadsheet.

Source URL: https://cam.fo.uiowa.edu/content/what-minimum-capitalization-threshold

Links:
[1] https://cam.fo.uiowa.edu/content/what-minimum-capitalization-threshold
[2] https://cam.fo.uiowa.edu/sites/cam.fo.uiowa.edu/files/Tracking_Template_Below_Threshold.xls