Equipment

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Equipment

Policies and Procedures for Equipment Inventory and Property Management

2240 Permanent Equipment $5,000 or Less

Equipment items such as computers, small calculators, printers, test equipment etc. under the capitalization limit of less than $5,000 per unit but with a useful life of more than one year.

7260 Permanent Equipment More Than $5,000 - DGCA

Equipment (including capitalizeable equipment and software) of more than $ 5,000 per unit and with a useful life of at least one year. This can include the initial purchase of a computer system. For example: components of a computer system separately may cost less than a $ 5,000 each, but if the components are necessary for the system to function and the total purchase price of all components is more than $5,000, all components should be charged here. Please note this information on the purchase order(s) involved. Also installation expenses for capitalized permanent equipment should be charged here

Note that most equipment purchased with Sponsored Program funds remains the property of the sponsoring agency. For agency specific information see Hotsheets or call your DGCA Accountant.

Memo from Karen Kavenaugh changing capitalization amount from $1000 to $5000:
:Subject: Reorganization of Administrative Affairs and Salaries at Rutgers for the Coming Fiscal Year