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Capital Asset Lives
Depreciation is calculated and accounted for by the straight-line method. The default depreciable lives assigned to capital assets are the following:
|
Land |
No Depreciable Life |
|
Buildings |
50 years |
|
Improvements |
10 - 25 years |
|
Furnishings and Fixtures |
10 years |
|
Automobiles |
6 years |
|
Equipment (non-computer) |
5 - 10 years |
|
Computer Equipment |
3 years |
|
Software |
3 years |
|
Library Books |
25 years |
Asset lives may be adjusted when the asset is determined by a department industry expert to have a life different than the standard.
Important Links
- Frequently Asked Questions
- Asset Resource Management System (ARM)
- Asset Lives
- Software Capitalization
- Authorization for Equipment Taken from Campus Form
- Report of Lost or Stolen Equipment Form
- Fabricated Equipment Permission Form
Policies
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BYU Salt Lake Center | LDS Business College | Missionary Training Center
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