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Content Type: ASC_Announcements
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Date7/8/2011
AnnouncementLow Value Asset Threshold Increased to $4,999.99
Description

Effective July 1, 2011, the capitalization threshold for low value assets was increased from $2,499.99 to $4,999.99.  If you have created a low value asset knowing the value will exceed $2,499.99, you are asked to wait until July 13th before you use it in a purchase order.  Failure to wait will result in an error message informing you that you cannot create the purchase order using the low value asset.