D. Computer software
Computer Software is not considered a
property accessory. Software purchases
are
classified as operating expenses.
Software costing less than $5000, with a
useful life of
less than four (4) years, may be charged
to the IT Software Expense account, code
5740
or to the Supplies and Services account
code 4501. Software that exceeds $5000
must be
approved by IITS, recorded as a
capital asset and charged to account
code 5745.
