What is a durable asset?
A durable asset is a non-consumable supply or equipment with a minimum purchase value of $250 and a useful life of 12 months or more (e.g. digital cameras, blackberries, computers) 23. Must a candidate committee enter all durable assets into the CFS, even from previously manually filed (hard copy) “Acquisition of Durable Assets” forms, and/or include durable assets not previously reported? Answer: Yes. 24. Once I file the initial “Schedule F – Durable Assets” form electronically on the CFS for a particular asset, must I electronically file that form with each and every report thereafter until I dispose of the durable asset? Answer: Once you electronically file the initial Schedule F form on the CFS for a particular asset, the CFS will automatically generate the Schedule F for Disclosure Reports you electronically file thereafter. When a durable asset is disposed of, the disposition of the durable asset must be reported in the CFS.
