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首页 Capitalization Policy

Capitalization Policy.doc

Capitalization Policy

Channing健
2019-06-14 0人阅读 举报 0 0 暂无简介

简介:本文档为《Capitalization Policydoc》,可适用于职业岗位领域

Category:             FinanceTitle:               AssetCapitalizationPolicyEffectiveDate:       January,PURPOSE:ToestablishpoliciesandsetoutauthorizationlimitsfortheprocurementofcapitalexpendituresPOLICYPRINCIPLES:CapitalizationcriterionslThecompanywillcapitalizethecostassociatedwithassetsthata)cost$ormore,b)haveanexpectedusefulorproductivelifegreaterthanone()year,c)arenotfortheresaledirectlytotheCompany’scustomers,andd)arenotpurchasedforinventorytobeusedinproductionoftheCompany’sproductslAnexceptionforthe$thresholdwillexistforbasketpurchases Abasketpurchaseiswhenagroupofsimilarassetsareacquiredforasingleprice Forexample,if$,waspaidforcomputermonitors($each) Inthesecases,thecostoftheassetsshouldbecapitalizedonlyiftheamountofeachindividualitemisgreaterthan$ CosttobecapitalizedlThecostofanitemtobecapitalizedincludesthepurchaseprice,PST(ifapplicable),andotheracquisitioncostssuchas(butnotlimitedto)brokers'commissions,duties,freightcharges,installationcosts,architectural,designandengineeringfees,legalfees,surveycosts,sitepreparationcosts,transportationinsurancecosts,testingandpreparationcharges,andetcAllocationofmixedassetpurchaseslIfdifferentassetsareacquiredforasingleprice(egcomputerpurchasethatincludessoftware),thepurchasepriceshouldbeallocatedontheirrelativevaluewherepossibleandmateriallywarrantedAssetretirementobligationslIfobligationsassociatedwiththeretirementofassets(assessments,environmentalfees,andetc)arisefromtheprocurementofcapitalexpenditures,suchinformationwillbecommunicatedtoFinance,whowillthendeterminetheappropriatetreatmentofthesefuturecosts   RepairandmaintenancelRepairandmaintenancecostsassociatedwithtangibleassetswillbeexpensedasincurred,unlessthefollowingcriteriaaremet:lcostsgreaterthan$lservestoextendtheusefullifeorenhancethefunctionalityoftheunderlyingasset AuthorizationandsignatorylimitsA)CapitalEquipment:$,        FacilityManager$,      ReportingVP$,      COO(CFOorCEO)Over$,      CEO(CFOorCOO)musthaveCEOsignatureB)CapitalInformationSystemsEquipment:$,        ISManager$,      ReportingVP$,      COO(CFOorCEO)Over$,      CEO(CFOorCOO)musthaveCEOsignature继续阅读

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