Chapter 13 – Asset Management

… ........................................................................................................... 10 13.5.5 Land Improvements .................................................................................................... 11 13.5.6 Lease …

… ement 13.1 Introduction The State of Delaware has a significant investment in capital assets such as land, land improvements, buildings, machinery, equipment, and infrastructure. These assets have initial useful lives that extend beyond a si …

… at historical cost (or estimated historical cost) less accumulated depreciation. Capital assets include land and land improvements, buildings and building improvements, vehicles, furniture, equipment, easements, infrastructure, and computer softwa …

… Buildings Building Improvements > $100,000 Easements All Easements Infrastructure > $1,000,000 Land All Land Land Improvements > $100,000 Leasehold improvements > $100,000 Leased Assets See specific Asset Class Software > $1,000,000 Veh …

… equirement Buildings All Buildings Building Improvements > $100,000 Infrastructure > $1,000,000 Land All Land Land Improvements > $100,000 Software > $1,000,000 Vehicles, Furniture and Equipment > $25,000 STATE OF DELAWARE BUDGET AND ACCOUNT …

… lowing classifications: Classification * Buildings Building Improvements Easements Infrastructure Land Land Improvements Leasehold Improvements Leased Assets Software Vehicles/Furniture/Equipment Works of Art and Historical Treas …

… ntention of using the cleared land Assumption of any liens, mortgages, or encumbrances on the property 13.5.5 Land Improvements Land improvements are physical changes or attachments to the land that have limited lives and; therefore, are r …

… leared land Assumption of any liens, mortgages, or encumbrances on the property 13.5.5 Land Improvements Land improvements are physical changes or attachments to the land that have limited lives and; therefore, are recorded separately from …