Asset Class

An Asset Class is a specific category of assets which generally exhibit similar characteristics. For checkoff purposes, there are five Asset Classes:


  1. Office furniture, fixtures and equipment includes furniture and fixtures that are not structural components of a building. Includes such assets as desks, files, safes and communications equipment.
  2. Information systems includes computers and their peripheral equipment used in administering normal business transactions and the maintenance of business records, their retrieval and analysis.
  3. Data handling equipment except computers includes only typewriters, calculators, adding and accounting machines, copiers and duplicating equipment.
  4. Automobiles includes vehicles used for transportation of persons; excludes pickup trucks, light cargo trucks, etc.
  5. Leasehold improvements generally includes an improvement to an interior part of a building that is nonresidential real property.