What is a Capital Asset? Capital assets are items (equipment) that have an acquisition cost of at least $5K, an estimated life of at least two years, and are bought through a capital subcode. Learn more About Capital Asset Management, under the direction of Payment Processing & Compliance, is responsible for recording and maintaining records of all capital assets purchased through the University's procurement system. Highlights Building List A listing of Pitt buildings, including their address and abbreviation. Transfer & Retire Capital Assets Submit the electronic Asset Transfer/Retirement Form. Contact Us Submit an inquiry for assistance with finding a purchase order number, account number, net book value, or to request inventory of capital assets.