CLASSIFYING PROPERTY – MAJOR CLASSES - 8601

(Revised: 10/2020)

Capital assets/property refers to all assets used in governmental operations. This includes both tangible and intangible capital assets/property in the following major classes:

Tangible Assets

• Land
• Buildings and Building Improvements
• Improvements Other Than Buildings (Land Improvements)
• Leasehold Improvements
• Equipment
• Infrastructure
• Construction Work in Progress
• Collections

Intangible Assets

• Computer Software
• Land Use Rights
• Internally Generated Intangible Assets

Note: Although classified separately, the accounting and reporting between tangible and intangible assets are treated similarly.

See SAM sections 8610.1 - 8615.3 for a definition of each class of property.