What are capital assets?

Capital Assets: tangible or intangible assets used in operations having a useful life of more than one year which are capitalized in accordance with [Generally Accepted Accounting Principles] i.e lands, facilities, equipment, and intellectual property

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1. What are capital expenditures?
2. What are capital assets?
3. Is a capital expenditure an eligible use?
4. What should be considered when submitting a Capital Expenditure project?
5. What are some examples of capital expenditures?
6. What should be considered for the written justification for a capital expenditure of $1M or greater?