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What assets need to be recorded?

The following types of assets need to be recorded:

  • Assets costing $1,000 or more and having a useful life of 2 years or more are recorded in the University's assets register. This includes both capital and non-capital assets.
  • Other 'attractive' assets (irrespective of their value) which are at risk of loss by misappropriation and which Heads of financial units wish to record with the approval of the Director or Deputy Director of Financial Services.

Examples of assets recorded are:

  • Plant
  • Audio visual
  • Photographic
  • Refrigeration
  • Air conditioning
  • Machinery
  • Motor vehicles
  • Tools
  • Furniture
  • Office equipment
  • Scientific apparatus
  • Computing equipment
  • Appliances
  • Books
  • Books on loan
  • Land and buildings.
  • Firearms
  • Works of art and artefacts


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