Section 12 - Property Accounting

Section 12.4 – University Fixed Assets

Date: 11/20/06 — Approved: A.S. Finance Board

FIXED ASSETS PURCHASED BY THE UNIVERSITY

There are times when San Diego State University (University) purchases fixed assets on behalf of the Associated Students.  This generally occurs when new A.S. facilities are being built.  The University agreed that if the fixed asset costs $5,000 or more and its useful life is one year or more then the fixed asset will be monitored by the University and tagged and monitored by us.  The fixed will not be capitalized on the University books and the A.S. will be responsible for insuring and replacing the fixed assets.

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