Non-Capital Equipment is defined as any movable asset that:

• valued at less than $3000 unless it is a fabrication or component part
• greater than $3000 only if the useful life is less than 1 year
• not permanently affixed to a building

Be sure to use the appropriate Property Account Codes:

• Chair, fax machine, audio visual equipment, scientific apparatus — Code 006
• Software — any off the shelf  (without signed license agreement and renewable maintenance) — Code 007
  • Examples — Microsoft products, Adobe Acrobat
• Computer/related equipment and supplies — Code 008
  • Examples — Diskettes, cables, power strips

See complete policy for additional information on Fabrication and Component Parts.