West Virginia Code of State Rules
Agency 126 - Education
Title 126 - PROCEDURAL RULE BOARD OF EDUCATION
Series 126-085 - POLICIES OF OPERATION MANUAL - CHILD NUTRITION PROGRAMS (4320)
Section 126-85-84 - Equipment Depreciation

Universal Citation: 126 WV Code of State Rules 126-85-84

Current through Register Vol. XLI, No. 38, September 20, 2024

84.1. Each school must maintain a complete equipment inventory file that lists all non-expendable equipment. The inventory will include:

84.1.1. an assigned inventory number for each piece of equipment;

84.1.2. all equipment on hand for program use that has been purchased with an acquisition cost of $5,000 or more;

84.1.3. serial numbers where applicable;

84.1.4. the month and year of installation;

84.1.5. the month and year of initial depreciation;

84.1.6. the acquisition cost;

84.1.7. life termination date.

84.2. The method described is straight line depreciation in which non-expendable equipment is fully depreciated upon completion of its useful life. Once an inventory file has been established, the total value of equipment will be changed annually only when a new piece of equipment is added, traded, scrapped or fully depreciated.

Disclaimer: These regulations may not be the most recent version. West Virginia may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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