The University of Virginia Medical Simulation Center is a state-of-the art multidisciplinary training and research facility. As a cornerstone of The Universityâs technologically enhanced learner-centered approach to medical education, the center complements traditional teaching modes with the application of knowledge and skills through experiential learning for the UME, GME, and community populations.
Definition: A capital asset is property that is expected to generate value over a long period of time. Capital assets form the productive base of an organization. Examples of capital assets are buildings, computer equipment, machinery, and vehicles.
Equipment qualifying as a capital asset is defined as an item with an acquisition cost of $5,000 or more. The acquisition cost of equipment includes installation charges and freight. Capitalized equipment can be identified as having all of the following characteristics: Acquisition cost equal to or greater than $5,000.