| Asset class | Asset recognition threshold | Measurement method | |
|---|---|---|---|
| Property, plant and equipment | Land | $1 (all land) | Revaluation |
| Property, plant and equipment | Buildings | $10,000 | Revaluation |
| Property, plant and equipment | Infrastructure | $10,000 | Revaluation |
| Property, plant and equipment | Major plant & equipment (optional class) | ≥$5,000 (at discretion of agency management) | Revaluation |
| Property, plant and equipment | Plant & equipment | $5,000 | Cost |
| Property, plant and equipment | Library reference collections | $1,000,000 | Revaluation |
| Property, plant and equipment | Leased assets (finance lease) | Threshold of class to which asset would belong if not subject to finance lease | Revaluation (per AASB 117) |
| Property, plant and equipment | Heritage & cultural assets | $5,000 | Revaluation |
| Property, plant and equipment | Work in progress | n/a | Cost |
| Intangibles | Software purchased | $100,000 | No active market: cost Active market: revaluation (per AASB 138) |
| Intangibles | Software internally generated | $100,000 | No active market: cost Active market: revaluation (per AASB 138) |
| Intangibles | Intellectual property | $100,000 | No active market: cost Active market: revaluation (per AASB 138) |
| Intangibles | Other intangibles | $100,000 | No active market: cost Active market: revaluation (per AASB 138) |
| Intangibles | Digital library reference collections | $1,000,000 | No active market: cost Active market: revaluation (per AASB 138) |
| Intangibles | Digital library heritage collections | $5,000 | No active market: cost Active market: revaluation (per AASB 138) |
| Intangibles | Software work in progress | n/a | Cost |
| Intangibles | Intellectual property work in progress | n/a | Cost |
For sub-classes and definitions, see Appendix 1.1 of the NCAP.
