Budget & Planning

Fixed Assets

The college's Depreciation policy is as follows:

Building Improvements 15 Years
Buildings 40 Years
Capital Equipment 5 Years 
Computer Equipment 3 Years

Consistent with existing policy, no depreciation will be taken in the year of acquisition/service and a full year of depreciation will be taken in the final year.

Capital leases will be amortized over the lease term. Consistent with other fixed asset policy, no amortization will be taken in the year of acquisition and a full year of amortization will be taken in the final year.