"At Mansfield University, we develop leaders. We accomplish this by focusing on the four core values that have been our tradition since 1912: Character, Scholarship, Culture, and Service."
What is an asset?
An asset, as defined by the PASSHE Board of Governors, is equipment, furniture, buildings and improvements with a cost in excess of $5,000 and an estimated useful life of two years or more. All costs associated with placing an asset in service, including freight, installation costs, site preparation costs, alterations and professional fees are included in the capitalized value.
Please review the Fixed Asset Policy and the following Fixed Asset Guide for a complete understanding of responsibilities and processes.