Indiana University Seal

Depreciation of Capital AssetsFIN-ACC-I-180


All Indiana University units and employees.

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Policy Statement

Effective July 1, 1990, Indiana University will depreciate the capital asset categories of moveable equipment, buildings, infrastructures, leasehold equities, library books and equipment start up costs.

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Reason for Policy

To convey the application of the accounting concept of depreciation for the university.

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The calculating and applying of the value decreases are the responsibility of Financial Management Services.

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Depreciation: A financial recognition of the diminishing service capacity or utility; the lost usefulness; the wasting away of a tangible asset during the periods of service life.

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The source to this policy is:

Financial Accounting Standard Board (FASB)Statement 96, Governmental Accounting Standards Board (GASB) Statement 8

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