PDFWAC 388-835-0470
What requirements apply to capitalizing equipment, including furniture and furnishings?
A provider must capitalize equipment, including furniture and furnishings according to the following table:
Equipment, including furniture and furnishings | Historical cost | Useful life |
For settlement purposes beginning January 1, 1881 and for rate setting purposes beginning July 1, 1982 | At least $500 per item | At least one year from date asset is put into service |
For settlement purposes beginning January 1, 1990 and for rate setting purposes beginning July 1, 1990 | At least $1,000 per item | At least one year from date asset is put into service |
For settlement purposes beginning January 1, 1996 and for rate setting purposes beginning July 1, 1996 | At least $500 per item | At least one year |
[Statutory Authority: RCW 71A.20.140. WSR 01-10-013, ยง 388-835-0470, filed 4/20/01, effective 5/21/01.]