US · guidance
BOP Program Statement 8563.07 § 1
PURPOSE AND SCOPE. To provide procedures for accounting and
control of both capitalized and non-capitalized machinery and
equipment maintained at Federal Prison Industries (FPI) field
locations and the Central Office.
Machinery and equipment (M&E) includes those tangible items used
in or in support of the production process. When an item is
‘capitalized,’ it is classified as an asset on the balance sheet
with the cost allocated against future revenue in a way that
attempts to reflect the value received from using that asset.
An item may be capitalized if the acquisition cost and the period
of the item’s usefulness are significant. Unless otherwise
specified, the term ‘Machinery and Equipment,’ when cited in this
Program Statement, refers to capitalized machinery and equipment.
History
PS 8563.07 dated 2001-06-13
Provenance
- Source
- bop.gov
- Retrieved
- 2026-09-20
- Edition
- bop-ps-2026-09-20
- Content hash
817714f6fe4cd1e7d45ecae9d8227c0e0e25f43b59a7170951dba93ac63a20ab
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