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.
Capitalization of Plant Fund Assets Definition. Physical property acquired by the University by purchase, gift, trade, or fabrication and which take the form of land, buildings, equipment, improvements to land or buildings, and other tangible items are capitalized.