The Alaska Inventory of Property is a comprehensive catalog of movable and immovable property owned by the State of Alaska. It includes all real property (land and buildings), personal property (equipment, furniture, vehicles, etc.), and intangible assets (intellectual property, copyrights, etc.). The Inventory also covers state-owned resources such as oil, gas, minerals, timber, and other natural resources. It is maintained and administered by the Alaska Department of Administration, Division of General Services. The Alaska Inventory of Property is divided into two main categories: capitalized and non-capitalized. Capitalized property includes items that have a useful life of more than one year and have a value of $500 or more. The capitalized property is further divided into two sub-categories: real property (land and buildings) and personal property (equipment, furniture, vehicles, etc.). Non-capitalized property includes items that have a useful life of less than one year or that have a value of less than $500. The Alaska Inventory of Property is an important tool for ensuring that state-owned assets are properly accounted for and managed. It provides detailed information about each item, including its location, condition, quantity, and cost. The Inventory also helps to ensure that all assets are properly maintained and that losses are minimized.
Alaska Inventory of Property
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