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Depreciation Policy

 

West Virginia University Policy
Division of Administration and Finance

Policy Number: IARA-04
DEPRECIATION AND AMORTIZATION POLICY

General Information

Reason For This Procedure:

To Whom Does This Procedure Apply:  

Definitions


Depreciation

Allocation of the total acquisition cost of a capital asset over its estimated useful life.

 

 

Amortization

Allocation of the total acquisition cost of an intangible asset over its estimated useful life.

Procedure

Responsibilities

Procedure Development

Implementation

Interpretation

Contacts

Related Documents

 

Originally Issued: July 1, 2010
Updated: February 8, 2016
Approved by: Daniel A. Durbin, Senior Associate Vice President for Finance