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388-835-0465  <<  388-835-0470 >>   388-835-0475

WAC 388-835-0470

No agency filings affecting this section since 2003

What requirements apply to capitalizing equipment, including furniture and furnishings?

A provider must capitalize equipment, including furniture and furnishings according to the following table:
Equipment, including furniture and furnishings
Historical cost
Useful life
For settlement purposes beginning January 1, 1881 and for rate setting purposes beginning July 1, 1982
At least $500 per item
At least one year from date asset is put into service
For settlement purposes beginning January 1, 1990 and for rate setting purposes beginning July 1, 1990
At least $1,000 per item
At least one year from date asset is put into service
For settlement purposes beginning January 1, 1996 and for rate setting purposes beginning July 1, 1996
At least $500 per item
At least one year
[Statutory Authority: RCW 71A.20.140. WSR 01-10-013, ยง 388-835-0470, filed 4/20/01, effective 5/21/01.]