There are two main types of assets, CAPITAL and CONTROLLED, which are assigned an ID number and tagged with a UNT barcode during the receiving process.
A capital asset is an asset with a value eqeual to or greater than the capitalization threshold established for that asset type. Capital assets are classified by their value and are depreciated. They are also subject to consolidation into an asset system, in which other components and acquisition costs (shipping, installation, add-ons, accessories) are combined into a single asset ID.
A controlled asset is an asset with a value below the capitalization threshold, but is required to be reported due to its high-risk nature (theft prevention, data security). This includes locally controlled assets, which are below the controlled threshold for State reporting, but are tracked for UNT's inventory standards.
|TANGIBLE ASSET||CAPITALIZATION THRESHOLD|
|Construction in progress||$0|
|Buildings and other improvements||$100,000|
|Facilities and other improvements||$100,000|
|Furniture and equipment||$5,000|
|Vehicles, boats, aircrafts||$5,000|
|Works of art and historical artifacts||$0|
|INTANGIBLE ASSET||CAPITALIZATION THRESHOLD|
|Land use rights - permanent life||$0|
|Land use rights - term life||$100,000|
|Internally developed computer software||$1,000,000|
|Other intangible capital asset||$100,000|
|TANGIBLE ASSET||CONTROL THRESHOLD|
|Unmanned Aerial Aircraft||$0-$4,999|
|Sound systems and other audio equipment||$500-$4,999|
|TVs, Video players||$500-$4,999|
Note: Printers under $5,000 are no longer tracked as controlled assets, but some older machines may still appear on your department's inventory.