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What defines non-expendable personal property?

Property that is consumed in use

Property with a normal life expectancy of more than two years

Non-expendable personal property is distinguished by its normal life expectancy of more than two years. This classification indicates that the item is intended for long-term use and will not be consumed or depleted through its regular use. Such property typically includes items such as equipment, machinery, or vehicles that remain operable and functional over time, allowing them to retain their identity and usefulness beyond a short duration.

This characteristic differentiates non-expendable property from other types of property, such as expendable items, which are used up or consumed quickly. By defining non-expendable property in terms of its longevity, it becomes easier to manage, track, and allocate resources efficiently within property management practices.

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Property that retains no identity after use

Property that has a normal life expectancy of less than one year

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