ࡱ> /3.  bjbjWW 455_D``8"r66666$x* 66L66)u6]RAq0I, v uu8 % ` : Purpose This accounting policy establishes the minimum cost (capitalization amount) that shall be used to determine the capital assets that are to be recorded in [name of your business]s annual financial statements (or books). Capital Asset definition A Capital Asset is defined as a unit of property that: (1) has an economic useful life that extends beyond 12 months; and (2) was acquired or produced for a cost of $____ or more. Capital Assets must be capitalized and depreciated for financial statement (or bookkeeping) purposes. Capitalization thresholds [Name of your business] establishes $______ as the threshold amount for minimum capitalization. Any items costing below this amount should be expensed in [name of your business]s financial statements (or books). Capitalization method and procedure All Capital Assets are recorded at historical cost as of the date acquired. Tangible assets costing below the aforementioned threshold amount are recorded as an expense for [name of your business]s annual financial statements. Alternatively, assets with an economic useful life of 12 months or less are required to be expensed for financial statement purposes, regardless of the acquisition or production cost. Recordkeeping Invoice substantiating an acquisition cost of each unit of property shall be retained for a minimum of four years.     [Name of my company or client] Capitalization Policy    x {    8 ݻ݁vj\OGh\\CJaJh2HCJaJnHo(tHh8'hS5>*CJaJh8'hWj>*CJaJh8'h CJaJh8'hSCJaJh8'hu6CJaJhXh 5CJaJhXh[5CJaJhXh.5CJaJhXhS5CJaJh8'hdCJaJh8'h+ACJaJh8'hWjCJaJh8'hHr7CJaJh8'hHr7>*CJaJ    8 9   6 7 $`a$gdSgd#^gdS $^a$gdS & Fgd_ $^a$gd & Fgd_8 9 : O P Q   ' 5 6 7 _ g   , Y [ \ _ ` b c e f h ŹۖЎТxplh`\`\`\hPxjhPxUhWjh#hxFCJaJh8'h%CJaJh8'hpCJaJhCJaJhXhS5CJaJh8'h#CJaJh8'h%>*CJaJh8'h#>*CJaJh8'hWjCJaJh8'hSCJaJh8'hS5CJaJh8'h\\5CJaJh8'hWj>*CJaJ$ [ \ ^ _ a b d e g h j k $a$gdQ $xa$gdXgdQ $^a$gdxFh i k hWjhIhQhQ5>*CJhPxjhPxU2&P:pE C/ =!"#$% b 2 0@P`p2( 0@P`p 0@P`p 0@P`p 0@P`p 0@P`p 0@P`p8XV~PJ_HmH nH sH tH 8`8 Normal_HmH sH tH 8@8  Heading 1$@&>*DA D Default Paragraph FontViV  Table Normal :V 44 la (k (No List @Y@@  Document Map-D OJQJH@H  Balloon TextCJOJQJ^JaJRoR Balloon Text CharCJOJQJ^JaJtH 4@"4 QHeader  H$.1. Q Header Char4 B4 QFooter  H$.Q. Q Footer CharPK![Content_Types].xmlN0EH-J@%ǎǢ|ș$زULTB l,3;rØJB+$G]7O٭V$ !)O^rC$y@/yH*񄴽)޵߻UDb`}"qۋJחX^)I`nEp)liV[]1M<OP6r=zgbIguSebORD۫qu gZo~ٺlAplxpT0+[}`jzAV2Fi@qv֬5\|ʜ̭NleXdsjcs7f W+Ն7`g ȘJj|h(KD- dXiJ؇(x$( :;˹! I_TS 1?E??ZBΪmU/?~xY'y5g&΋/ɋ>GMGeD3Vq%'#q$8K)fw9:ĵ x}rxwr:\TZaG*y8IjbRc|XŻǿI u3KGnD1NIBs RuK>V.EL+M2#'fi ~V vl{u8zH *:(W☕ ~JTe\O*tHGHY}KNP*ݾ˦TѼ9/#A7qZ$*c?qUnwN%Oi4 =3N)cbJ uV4(Tn 7_?m-ٛ{UBwznʜ"Z xJZp; {/<P;,)''KQk5qpN8KGbe Sd̛\17 pa>SR! 3K4'+rzQ TTIIvt]Kc⫲K#v5+|D~O@%\w_nN[L9KqgVhn R!y+Un;*&/HrT >>\ t=.Tġ S; Z~!P9giCڧ!# B,;X=ۻ,I2UWV9$lk=Aj;{AP79|s*Y;̠[MCۿhf]o{oY=1kyVV5E8Vk+֜\80X4D)!!?*|fv u"xA@T_q64)kڬuV7 t '%;i9s9x,ڎ-45xd8?ǘd/Y|t &LILJ`& -Gt/PK! ѐ'theme/theme/_rels/themeManager.xml.relsM 0wooӺ&݈Э5 6?$Q ,.aic21h:qm@RN;d`o7gK(M&$R(.1r'JЊT8V"AȻHu}|$b{P8g/]QAsم(#L[PK-![Content_Types].xmlPK-!֧6 0_rels/.relsPK-!kytheme/theme/themeManager.xmlPK-!0C)theme/theme/theme1.xmlPK-! ѐ' theme/theme/_rels/themeManager.xml.relsPK]  CCCCCF8 h    8@0(  B S  ?^_abdeghjk59_abdeghjk3 97^_abdeghjk,,==9'57,Y^j0pn*h ^`hH.h ^`hH.h pL^p`LhH.h @ ^@ `hH.h ^`hH.h L^`LhH.h ^`hH.h ^`hH.h PL^P`LhH.j0         R%5 A4*b+*Xg38'2(V/63u6Hr7X81= ?+AE C2H\\n:bWjQ  xFpd?I.%Lhzv_Px&#)X[S_a@@UnknownG*Ax Times New Roman5Symbol3. *Cx ArialC. | Malgun Gothic5. .[`)TahomaA$BCambria Math"h!DZ!ǭdf  !24]]3QHX ?Lh2!xx Sample Fixed Asset Policy Greg ChabotElliott Robinson Oh+'0l   ( 4 @LT\dSample Fixed Asset Policy Greg Chabot Normal.dotmElliott Robinson2Microsoft Office Word@@N.@F@F՜.+,D՜.+,\ hp  Runyon Kersteen Ouellette ] Sample Fixed Asset Policy Title| +7 C    Wco{3?KWcoFooterCopyrightInfo SinglePlayerAICPAMetaKeywordsRolesPublishingRollupImageCopyrightInfo Audience Abstract Topic PublishingContactName CoremetricsCategoryID PracticeAreaAICPAPageContentExcludeFromSearch Industry ContentTypeRSSPublishingContactEmailCoremetricsPageID Comments SubtitleDisplayGuidedNavigationAICPAMetaTitle DocumentTypeGoogleAnalyticsCodeAICPAMetaDescriptionPublishingContactPicture_Source LegacyUrl Committee0(;#;#;#;#;#Full;#;#;#;#;#;#;#;#;#;#;#;#;#AICPA.RLUNV0001;#0DThis is a book capitalization policy template for our members. p784648bb-7326-4510-81dc-dc206f02809e,84653a2f-e83b-40aa-91a9-6ff0231dd551,2fa95b7c-f4c1-46d5-887b-8860686ba28301;#Business and Industry;#6;#Tax Professional0Downloadable Document ;#False;#;#
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