10:02:01:01Public personal property requiring inventory.

Public personal property requiring inventory is any tangible item other than money, credits, accounts, securities, or real property that is movable, has an expected useful life exceeding one year, and has an initial purchase cost in excess of $5,000.

Source: 2 SDR 80, effective June 6, 1976; 12 SDR 86, effective November 27, 1985; 21 SDR 144, effective January 25, 1995; 26 SDR 89, effective January 6, 2000.