Depreciation

University Depreciation - The University has a $5,000 capitalization threshold and therefore depreciates all equipment over $5,000.  The University’s fixed asset system, OASIS, calculates these “official” depreciation amounts which are used in the University’s financial statements, State reporting, and the F&A process.  These depreciation figures are recorded at a high level on an annual basis and are not posted to the individual departmental budgets.