Effective October 1, 2013, Handbook F-26, Personal Property Accounting, will be revised to reflect an increase in the capital threshold amount for Personal Property Policies.
Handbook F-26, Personal Property Accounting
* * * * *
2 Personal Property Policies
* * * * *
225 Additions, Modifications, and Upgrades
[Revise the text of 225 to read as follows:]
Expenditures for additions, modifications, and upgrades to capital equipment items are added to the cost of the original items of capital equipment only if they are $10,000 or higher, and if any of the following occur:
a. The productive capacity or operating efficiency is materially increased.
b. The life of the item is significantly extended.
c. The modification adapts the item to a different use.
If the criteria are not met, the items are then expensed.
* * * * *
We will incorporate this revision into the next printed edition of Handbook F-26, Personal Property Accounting.
— Assets and Payables,
Controller, 9-19-13
