Finance > Asset Register
Authorised by Finance Manager
Revised Date: 10 April 2017
Assets
An asset register is kept of all assets owned by Kyeema
All equipment purchased under $1,000 is fully expensed in the year of the purchase and are not included on the depreciation schedule. The depreciation schedules are maintained by the Finance Manager.
Ameeyk House – 107 Hurd Street
Portland property is also controlled by the Department of Sustainability and Environment. Kyeema Support Services Inc. (Kyeema) is the approved Board of Management of the Reserves under the provisions of Section 14 of the Crown Land (Reserves) Act 1978. No value of land has been bought to account.
Fixed Assets
The buildings of Kyeema, 50 Lalor Street, Portland are situated on the Kyeema Reserve controlled by the Department of Sustainability and Environment. The Board is the approved Board of Management of the Reserve under the provisions of Section 14 of the Crown Land (Reserves) Act 1978.
No value of land has been bought into the accounts.
Depreciation is calculated, using the prime cost value method on all plant, equipment, furniture and fittings, and buildings based on the expected life of the asset.
Disposal of Surplus items of Plant, Furniture & Equipment