US · guidance
BOP Program Statement 8563.07 § 12
ACCOUNTING - MACHINERY REPAIRS AND REHABILITATION COSTS. As
noted in Section 6.d. machinery repair costs may be either
charged to expense or capitalized depending upon the nature of
the repair. Low cost repairs that are required to keep equipment
in efficient operating condition are considered a current
expense. Normally, the factory maintenance crew will do these
repairs. Any inmate labor resulting from these repairs is to be
charged to indirect labor.
If the repairs to a piece of equipment are extraordinary (at
least $5,000) and materially prolong the asset’s life, the
accountant is to capitalize these costs by charging them directly
to the equipment number. The Business Manager is to determine
the asset’s revised useful life in accord with procedures
outlined in the Program Statement on Depreciation of Fixed
Assets. Then, the accountant will adjust the number of years to
depreciate the asset in the Fixed Assets Record.
History
PS 8563.07 dated 2001-06-13
Provenance
- Source
- bop.gov
- Retrieved
- 2026-09-20
- Edition
- bop-ps-2026-09-20
- Content hash
5c2476f4e83be6bb09b6b29bb860e99de1b9b7168d33f79b5c0dd6dd688cfe0e
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