Fla. Admin. Code » Department of Financial Services > 69I — Division of Accounting and Auditing > Chapter 69I-72 — State-owned Tangible Personal Property
Florida Administrative Code

Fla. Admin. Code R. 69I-72.007 (2026)

Capitalization of Property

✓ current as of September 2026
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For statewide financial reporting purposes, all tangible personal property with a value or cost of $5,000 or more and having a projected useful life of one year or more must be capitalized. Any hardback book with a value or cost of $25 or more and having a useful life of one year or more that is circulated to students or the general public, and any hardback book with a value or cost of $250 or more that is not circulated must be capitalized. Attractive items must not be capitalized for statewide financial reporting purposes.

Rulemaking Authority 273.025 FS. Law Implemented 273.025 FS. History–New 1-13-08, Amended 7-1-20.

Effective: 7/1/2020.