CLASSIFYING PROPERTY – MAJOR CLASSES - 8601
(Revised: 08/2024)
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
- Right-to-Use Lease Assets (Land, Buildings, and Equipment)
- Right-to-Use Subscription-Based Information Technology Arrangements (SBITA)
- Internally Generated Intangible Assets
The accounting and reporting between tangible and intangible assets are treated similarly, although classified separately.
For a definition of each class of property, see SAM Sections 8610.1 through 8615.5.
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