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Quick Starts

Purchasing

Payment

Invoice/Receiving

Full Purchasing Policies

Non-Capital Equipment

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.


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