January 15, 2020 18:39 Updated Follow Software is not recorded as a capital asset unless the county developed the software in-house and owns the software. Related articles If items purchased with pass thru grant money: should they be on capital asset listing? Does SBOA have guidelines of what should be included in the capitalization policy? What is the difference between a bond and a note? If a snow blade was purchased under the capital asset threshold, would it be on an inventory list? How do we determine the useful lives of an asset?