UNDP has changed its asset capitalization threshold from US $1,500 to US $5,000. This policy change will significantly reduce the volume (i.e. quantity) of assets in the asset register thereby allowing UNDP to focus attention on higher value items. The change in policy should also result in a more effective verification and certification process.
UNDP has updated the following policies to reflect the changed asset capitalization threshold:
1.Furniture and Equipment: Disposal and Write-Off
The following clause has been amended accordingly:
40
Additionally, the Asset Disposal Authority has inc ...
UNDP has changed its asset capitalization threshold from US $1,500 to US $5,000. This policy change will significantly reduce the volume (i.e. quantity) of assets in the asset register thereby allowing UNDP to focus attention on higher value items. The change in policy should also result in a more effective verification and certification process.
UNDP has updated the following policies to reflect the changed asset capitalization threshold:
1.Furniture and Equipment: Disposal and Write-Off
The following clause has been amended accordingly:
40
Additionally, the Asset Disposal Authority has increased from US $2,500 to US $5,000. Clauses 2, 4, 5, 15, 17, 19 and 22 of the policy have been updated accordingly.
2.Furniture and Equipment: Acquisition and Maintenance
The following clauses have been amended accordingly:
3, 5-7; 14; 35-37; 41, 43, 46, 48; 73 and 83.
3.Plant and Property: Acquisition and Maintenance
The following clauses have been amended accordingly:
1, 3, 5 and 21
4.Plant and Property: Disposal and Write-Off
The Asset Disposal Authority has increased from US $2,500 to US $5,000. Clause 4 has been updated accordingly.
5.Furniture and Equipment: Property, Plant and Equipment (PPandE)
The following clauses have been amended accordingly:
1, 4, and 5
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