FIXED ASSETS

State property that is in one of four categories:
- all non-expendable property having a normal life expectancy of more than two years and a value of $2,000 or more.
- all semi-expendable property established by the owning agency's policy as fixed assets: any item having a normal life expectancy of more than two years and a value of less than $2,000.
- all firearms, regardless of their value.
- all sensitive items, as established by the agency policy.

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