The assets (Property, Plant and Equipment) of Dundalk Institute of Technology are primarily for the purposes of fulfilling the Institute's missions of teaching, research, public service and general Institute programmes and related administrative uses. Therefore the Institute has a responsibility to manage, control and safeguard such Institute assets, to ensure maximum benefit is obtained from these assets in the course of providing educational instruction to students, and must ensure the maximum return is obtained by the Institute in the event of asset disposal.
From 1 September 2009, equipment costing less than €3,000 (incl. VAT) per individual item is written off to the income and expenditure account in the year of acquisition. Where individual items of equipment purchased are below the capitalisation limit (€3,000) and the total purchase invoice is in excess of the limit, these items are individually capitalised in the normal way. All desktops, iPads, Notebooks and laptops are capitalised regardless of cost.
|FIXED ASSETS POLICY AND PROCEDURES||858.22 KB|