Great Falls College MSU records as capital assets those assets that cost over $5,000. 

Capital assets are recorded at their total cost. Total cost includes ancillary costs such as freight or site preparation which are directly associated with the acquisition of the asset and placing it into service. Maintenance agreements or supplies needed by the equipment are not included in the total value. 

Donated capital assets are recorded at either the estimated fair market value or at the appraised value at the time they were donated. In recording additions or betterments, only additions or betterments that significantly affect the asset’s usefulness or useful life are to be capitalized

A group or lot of moveable equipment that in total costs $5,000 or more, but each unit costs less than $5,000, will not be capitalized. Examples of this type of group purchase include, but are not limited to, one lot of furniture or computer workstations where the total cost is $5,000 or more, but the unit cost is less than $5,000.

Capital assets are inventoried annually by business services and recorded in the AiM software platform.