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.Print Entire SAM Manual
Please bear with us, generating the entire SAM for printing will take approximately two minutes.