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Megan C
Megan C, Certified Public Accountant (CPA)
Category: Finance
Satisfied Customers: 12492
Experience:  Licensed CPA, CFE, CMA who teaches accounting courses at Master's Level
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Hello, Need a quick policy for capitalization of assets.

Resolved Question:

Hello, Need a quick policy for capitalization of assets. Could you direct me to generic type. We generally follow expensing anything under 1,000 as well as all computer equipment under 5000, maintenance (replacement parts) of manufacturing equipment over 5000. Thanks
Submitted: 8 months ago.
Category: Finance
Expert:  Megan C replied 8 months ago.

Megan C :

Thank you for your question, and thanks for using JustAnswer.com

Megan C :

Could you clarify exactly what you are looking for? What you have stated sounds like a policy

Customer:

I guess I am looking to validate that the parameters we use pass accepted accounting policies?

Megan C :

Yes, that sounds correct. It sounds like most the companies that I have worked on

Megan C :

Here's a good article on the topic:

Megan C :

http://wiki.fool.com/Fixed_Asset_Capitalization_Policy

Customer:

Thanks, great

Megan C, Certified Public Accountant (CPA)
Category: Finance
Satisfied Customers: 12492
Experience: Licensed CPA, CFE, CMA who teaches accounting courses at Master's Level
Megan C and 4 other Finance Specialists are ready to help you
Expert:  Megan C replied 8 months ago.
Thanks Paula for your positive rating. Please come back and visit me any time you have a question that needs answered. It was a pleasure working with you today

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