accountable property (PSM-FG)
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Functions for U.S. Federal Government (PSM-FG)
Property that satisfies one or both of the following criteria:
- It is sensitive.
- It has an acquisition cost above an agency-defined value, has a useful
life of one year or more, and must be accounted for throughout its useful life.
Property with an acquisition cost less than the agency-defined value is called "expensed property".