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Additions Policy

Effective Date:
7/1/95
6/29/98, Revised
1/22/07, Revised

Policy:
An addition represents a new asset. It increases the physical size or operating capabilities of an asset through expansion or extension. Additions do not involve renovations. A new wing to a building or the addition of an air conditioning system to a building are examples of additions.

Additions are considered separate assets

Addition costs are different from maintenance costs. Additions add future benefits. Maintenance costs are incurred to keep the original asset in normal operating condition (see Maintenance ).