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Reporting Requirements for Annual Financial Reports of State Agencies and Universities

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Reporting Requirements for Annual Financial Reports of State Agencies and Universities

Capital Assets

Capitalization Thresholds

Standard capitalization thresholds for capitalizing assets were established for each major class of assets. All agencies are required to use these thresholds.

For more information on capitalization thresholds, see the SPA Process User’s Guide – Appendix A – Class Codes.

For more information on intangible right-to-use thresholds, see the Leases/SBITAs Thresholds.