Furman University

What needs to be capitalized?

• Equipment/furnishing purchases $5,000 and up (per unit) that has a useful life of 3 years or more.
  • Also includes software licenses, motor vehicles, and golf carts
• Capital construction projects including:
  • New Buildings
  • Building renovations that modify the building structure, changes its intended use, and/or increases the useful life of the building
  • Campus land improvements  

Capital Object Codes

71197	Building remodeling
71198	Minor construction
71210	Books, periodicals, and media
71220	Books and periodicals-special
71391	Research equipment
71392	General instructional equipment
71393	General office machinery and equipment
71394	General furniture and furnishings
71395	Motor vehicles
71396	Machinery and tools
71397	Golf carts
71398	Security/surveillance systems
71399	Portable equipment
71492	Information tech. instructional
71493	Information tech office machinery & equipment
71494	Capitalizable software
71495	Information tech network equipment

Click Here for Fixed Asset Addition Request Form

The following forms are only used by Facility Services Project Managers.

Click Here for Capital Project Request Form
Click Here for Capital Project Change Request Form