Capital assets includes land, improvements to land, buildings, building improvements, vehicles, machinery, equipment and all tangible or intangible assets that are used in operations and that have initial useful lives extending beyond a single reporting period.
 
It is expected that the benefits gained from the assets will extend beyond a time span of one year.  On a business' balance sheet, capital assets are represented by the property, plant and equipment figure.  Examples of capital assets include: land, building, improvements, equipment and machinery.

Currently, Irving ISD utilizes the following object codes for the use of capital assets:

Further information pertaining to the specific accounts codes and their usage can be found on the Texas Education Agency website. If you have any questions, contact the Business Office at 972.600.5405.

The Capital Asset Form is to be submitted as back-up documentation when requisitions are entered and converted to Purchase Orders and either scanned into TCM or emailed to Peng Liang at pliang@irvingisd.net.

CAPITAL ASSETS FORM

CAPITAL ASSET TRANSFER FORM

PURCHASING ASSETS WITH FEDERAL GRANTS