Construction
I want to set up a new project/grant to track a renovation being done in my unit, is this allowable in funds 10000 or 40000?
Renovations less than $50,000 are permitted in funds 10000 and 40000.
Leasehold Improvements
A leasehold improvement is an improvement made to a leased building by a department that has the right to use this leasehold improvement over the term of the lease.
Additional Resources:
Land Purchases and Sales
The Real Estate office is responsible for the purchase and sale of all University real estate and may be contacted at (734) 615-6175.
Additional Resources:
Forms to capitalize a construction project
In order to close a project/grant in fund 80000, 80500 and 81000 an additional form is required.
Last Update:
12/17/2007When is space renovation considered depreciable?
A construction renovation project is considered capital or depreciable when the total costs are equal to or greater than $50,000 per building. At this point the project should be in fund 80000.
