Capital Equipment
Capitalization of University property is accomplished through screening of payments made by the UNL Accounting Department. If an item has an acquisition cost of $5,000 or more, and a useful life in excess of one year, it is considered for capitalization.
Items to be capitalized will be added to the departmental inventory showing company center, date purchased, building, room, cost, and purchase order number. All capitalized items receive University identification numbers.