1106.0 Plant Assets

Definition

Document purpose

To define the parameters for capitalizing assets.

effective

July, 2016

revised

July, 2016

Reviewed

May, 2021

Responsible Office

Comptroller

Approval

Comptroller

Policy

Plant Assets

Capitalized plant assets include Land, Land Improvements, Buildings, Building Improvements, Fixed Equipment, Moveable Equipment, Software, Donated Equipment, other assets, and other expenditures which meet the criteria.

Plant and Equipment Disposal:

The disposal of plant assets includes the sale, scrapping, demolition, or other loss of plant assets.  Plant asset disposals do not include plant assets placed temporarily in idle service or the dismantlement of a portion of a unit that does not affect its useful life.