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What is a Small Value Asset and how are they tracked?

April 26, 2017ASSET small tracked value

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What is a Small Value Asset and how are they tracked?

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• A Small Value Asset is movable property valued between $3,000.00 and $4,999.99 that is tracked for security purposes through the Peoplesoft – Asset Management module. Small Value Assets are not depreciated. • Examples of a Small Value Asset include electronics such as cameras, laptop computers and other valuables that have a unit cost between $3,000.00 and $4,999.99. • Exception: All firearms and two-way radios are considered Small Value Assets regardless of cost.