PDF
…and an estimated life greater than one year. Renovations to buildings, infrastructure, and land
improvements that significantly increase the value or extend the useful life of the structure are capitalized if the
related project cost exceeds $100,000. Routine repairs and maintenance are charged to operating expense in the
year in which the expense was…
https://www.wichita.edu/_archive/services/controller/Accounting/_documents/afr_10.pdf