Fla. Admin. Code R. 69I-72.007
Current through Reg. 50, No. 222; November 13, 2024
For statewide financial reporting purposes, all tangible personal property with a value or cost of $5,000 or more and having a projected useful life of one year or more must be capitalized. Any hardback book with a value or cost of $25 or more and having a useful life of one year or more that is circulated to students or the general public, and any hardback book with a value or cost of $250 or more that is not circulated must be capitalized. Attractive items must not be capitalized for statewide financial reporting purposes.
Fla. Admin. Code Ann. R. 69I-72.007
Rulemaking Authority 273.025 FS. Law Implemented 273.025 FS.
New 1-13-08, Amended 7-1-20.