Middlebury Institute of International Studies at Monterey. Formerly the Monterey Institute of International Studies
What is the capitalization threshold for fixed assets?

The standard capitalization threshold for capitalizing assets has been established as $5,000 or greater.  The only exception is land.  The capitalization threshold for land is $0.00.

What happens to assets with cost below capitalization threshold?

Assets that do not meet the monetary threshold listed in the fixed assets policy are expensed in the period incurred.  Threshold is $5,000 or greater.