A capitalization policy will help determine whether an item your organization buys is a regular expense or a fixed asset. Organizations use a capitalization policy to set a threshold for…
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depreciable life policy
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Aplos ShortChurch ManagementNonprofit Accounting
What Is a Depreciable Life Policy?
by Alex Acreeby Alex AcreeIn a previous video, we looked at how a capitalization policy works in an organization. That document states that any item purchased over a certain value is considered a fixed asset.…
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This is a pretty big topic that can get complex fast, but here are the basics on what fixed assets are and how to track them in your accounting. A…
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Nonprofit AccountingNonprofit Management
Fixed Assets And Fixed Asset Tracking
by Eric Burgessby Eric BurgessFixed Assets Fixed assets are commonly found on a balance sheet in the assets section. Other items grouped together in the assets section usually include cash, investments, accounts receivables, and…