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Capital Assets

Cornell University acquires, records, inventories, maintains, and disposes of capital assets. Each operating unit is responsible for following university procedures to achieve accurate capital asset reporting and compliance with government requirements.

Policy details


Your local unit administrative office.

Violations of Finance Policy

Violation of a financial policy should be reported to your supervisor, Human Resources representative, unit manager, and/or the office responsible for the policy. Where these resources are inadequate, you may choose to make an anonymous report through theĀ Cornell University Hotline.

Revision History:

February 21, 2021: Updated contacts and definitions, and procedures for fabricated capital assets.

May 24, 2019: Fixed typographical errors.

May 17, 2019: Fixed incorrect email address. Fixed typo.

May 16, 2019: Updated thresholds for software.

January 9, 2019: Replaced "Vice President for Financial Affairs and University Treasurer" with "Executive Vice President and CFO" as Responsible Executive.

July 17, 2018: Removed table from "Conducting Physical Inventories" in procedures and replaced it with a link to the current table. Also updated URLs throughout.