Capital/ Insurable Equipment

Capital Equipment

Capital equipment is defined as a single item (not invoice) that costs $5,000.00 or more, is freestanding and has a use life of one year or more. Please fill in box #17 on your Requisition entitled “Asset Control Unit #,” for all such purchases. Purchases of capital equipment with accounting distributions using a project number are subject to approval from Grants & Contracts Accounting prior to encumbering funds and the order being placed.

Insurable Equipment

Insurable Equipment is defined as “a single item (not invoice) that costs between $1000 and $4,999 that is freestanding and has a use life of one year or more.” Equipment of this type may be put on a Purchase Card or LPO. Any questions about insurable equipment should be directed to Property Accounting at (801)581-3973 or (801)581-8673.