Things to Know:
- 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)".
Training: FMS Capital Assets Video Tutorials