The major issues related to accounting for capital assets include the following:

• Criteria for recording general capital assets including infrastructure
• Recording general capital assets
• Valuation of capital assets
• Maintenance of capital asset records
• Disposition of general capital assets
• Treatment of infrastructure assets
• Depreciation and modified approach for infrastructure capital assets
• College and University funds (SUNY and CUNY Senior Colleges) and public benefit corporations
• Asset Retirement Obligations

Guide to Financial Operations

REV. 11/15/2023