Andy Mueller - Director
Andym@pcom.edu
Telephone:  215-871-6925
Fax:  215-871-6920

What we do:

• Responsible for the preparation and monitoring of the College budget

• Accounting for research grants

• Billing for Graduate Medical Education program

• Preparation of student loan government reports

• Control of travel budget program

• Managing the lease rentals

PHILADELPHIA COLLEGE OF OSTEOPATHIC MEDICINE

ASSET CAPITALIZATION POLICY

 

The Board of Trustees approved a change in our capitalization policy effective July 1, 2006 as follows:

 

Capital Equipment/Furniture

 

Equipment or furniture with a unit value of $5,000 or more and a useful life of more than 1 year will be considered a capital item.

Renovation Construction

For cost associated with a renovation construction project only the construction piece will be considered a capital item provided the total cost is $5,000 or more.  All equipment or furniture associated with the renovation \ construction project will be subject to the unit value of $5,000 or more as stated in the above capital equipment \ furniture policy

Capital Repairs

Generally, the repair must increase the useful life of the asset by at least 2 years past the normal useful life with a minimum cost of $5,000.  Due to the complexity of capital repair criteria, please contact the Accounting Department for assistance.  Each repair must be reviewed on an individual basis.