Equipment is defined as personal, tangible property. Equipment with an acquisition value of $5,000.00 or more and a normal life expectancy of greater than one year is defined as capital equipment.
Go to Furniture Purchasing for procedures and how to place an order. To properly capitalize equipment the correct object code must be used on the purchase order and other financial transactions.
See list of Object Codes (look for General Expenses: Supplies and Equipment).
If you have questions, please contact Purchasing Contract Managers and look for “Furniture (Purchase, Rental, Repairs & Refinishing)”.
Click here for training and resources.