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.
A fixed asset is an item that is used by a company in the operation of business. These items are usually expensive in nature and do not include inventory for resale or repair or spare parts inventory. Typically, an item is not considered to be an asset to be capitalized unless it has a useful life of at least one year.