Types of Property

 

The university tracks the following types of property in its Asset Management system.

  • Land and land improvements
  • Buildings and building improvements
  • Improvements other than buildings
  • Infrastructure
  • Leasehold improvements
  • Construction work in progress
  • Works of art
  • Library books
  • Intangible assets – primarily purchased software, this can also include internally-developed software, web sites, copyrights, patents, and easements.
  • Equipment – this is the only type of property that is tagged.  The guidance below regarding acquisition and disposal relates mainly to equipment.