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.
The capitalization threshold is the dollar amount you establish that decides when an assetâs cost is expensed, such as a stapler, or capitalized, such as a factory building. In addition, fixed assets are not intended for resale but are used in your routine business activities. You group similar types of fixed assets together and list them on the balance sheet under the fixed assets heading.