CLASSIFYING PROPERTY – MAJOR CLASSES - 8601

(Revised: 10/2020)

Capital assets/property refers to all assets used in governmental operations. This includes both tangible and intangible capital assets/property in the following major classes:

Tangible Assets

  • Land
  • Buildings and Building Improvements
  • Improvements Other Than Buildings (Land Improvements)
  • Leasehold Improvements
  • Equipment
  • Infrastructure
  • Construction Work in Progress
  • Collections

Intangible Assets

  • Computer Software
  • Land Use Rights
  • Internally Generated Intangible Assets

Note: Although classified separately, the accounting and reporting between tangible and intangible assets are treated similarly.

See SAM sections 8610.1 - 8615.3 for a definition of each class of property.

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