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CATS

Campus Administrative Training Series / Bloomington Financial and Administrative Resource Page
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Movable Capital Equipment

Activity: Movable Capital Equipment
Financial Policy: FIN-ACC-I-150, Capitalization of Movable Equipment
Related Policies:

FIN-ACC-I-170, Capital Movable Asset Physical Inventories, Tagging and Location Changes
FIN-ACC-I-180, Depreciation of Capital Assets
FIN-ACC-I-270, Ownership of University Capital Assets

Additional Forms: N/A

Things to Know:

  • Equipment is defined as personal, tangible property. Equipment with an acquisition value of $5,000 or more and a normal life expectancy of greater than one year is defined as capital equipment.
  • The acquisition value of movable capital equipment include the university's cost of equipment and all additional costs necessary to plae an asset in its intended location and condition for use.
  • For further details on capitalization definitions, policies and procedures, see the Indiana University Capital Asset Standard Operating Procedures.
  • To properly capitalize equipment correct Object Codes must be used on the purchase order.

CATS Presentation related to this activity: