PDF
…items with a unit
cost of $5,000 or more, 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…
https://www.wichita.edu/_archive/services/controller/Accounting/_documents/afr_14.pdf