Equipment that has an acquisition value of $5,000.00 or more, is freestanding, and has a normal life expectancy of one year or more.
You may use a Purchase Order to purchase capital equipment. It should be charged to the account range of 61000 – 61021.
Capital equipment must be disposed of according to University Procedures. (See Policy 3-040)
It is required that capital equipment is physically inventoried on an annual basis.