Policy Update - Financial Management of Property, Plan and Equipment (PPE Policy)

This update to the 2014 PPE policy focuses on clarifying processes and procedures around the capitalization of property, plant and equipment. Updates to the policy include increasing the minimum threshold for upgrades and betterments for capitalized equipment to $5,000, clarifying when to capitalize or expense a fabrication, and allowing fixed pieces of equipment over $100,000 that are not linked to capital projects be capitalized. New sample forms around disposition of equipment, tracking untaggable equipment, and tracking equipment off-site have also been designed to aid the Oracle assets inventory process.