Housing and land, teaching instruments, electronic teaching equipment, medical equipment, transportation, production equipment, books, office equipment furniture (maximum), sports and cultural equipment, other.
There is no clear unit value for school fixed assets. An office supply valued at $300 means something different to individual elementary and secondary schools. It can be recognized as a fixed asset for schools with less revenue, but for schools with more revenue, it can be recognized as either a fixed asset or a low-value consumable.
Fixed assets are long-lived assets with a useful life of more than one year and are not subject to change in physical form or significant wear and tear as a result of use. In the fixed assets of primary and secondary schools, there are unit value is not high but the use of a longer period of time can be recognized as fixed assets, such as books. This is the fixed assets of primary and secondary schools have their own characteristics.
Expanded Information:
Fixed Asset Disposal. p>Disposal of fixed assets, including the sale, transfer, scrapping and destruction of fixed assets, foreign investment, non-monetary asset exchange, debt restructuring and so on.
I. Conditions for derecognition of fixed assets
Fixed assets shall be derecognized if they satisfy one of the following conditions:
(1) the fixed assets are in the state of disposal;
(2) the fixed assets are not expected to generate economic benefits through the use or disposal of the fixed assets.
II. Treatment of Fixed Asset Disposal
(1) Fixed assets held for sale by an enterprise shall be adjusted for their estimated net residual value.
(2) When an enterprise sells, transfers, or scraps fixed assets or incurs damage to fixed assets, it should recognize the proceeds of disposal, less the book value and related taxes, in the current period's profit and loss. The book value of a fixed asset is the amount after the cost of the fixed asset is deducted from accumulated depreciation and accumulated impairment allowance.
(3) Where an enterprise includes in the cost of fixed assets subsequent expenditure incurred on fixed assets, it shall derecognize the carrying value of the replaced part.
Baidu Encyclopedia-Fixed Assets