Capitalization Policy – Buildings
Western New Mexico University
Upon the completion of any new building, the total construction amount will be capitalized and depreciated over a 25-year period.
Renovations will be capitalized separately from the initial building and depreciated over a 25-year period. Major renovations are those for which the institution has received a separate appropriations from the state legislature and those which significantly extend the life of the building with a cost equal to or greater than $50,000.
Costs associated with land improvements will be capitalized and depreciated over a 25 year life if the cost is equal to or in excess of $50,000.\
Approved By: Policy Committee
Date: March 30, 2004