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 place an asset in its intended location and condition for use.
  • For further details on capitalization definitions, policies and procedures, see FMS Capital Assets CSOP 8.0 Capitalization of Moveable Equipment.
  • To properly capitalize equipment correct Object Codes must be used on the purchase order.

Related CATS presentation: Capital Assets Overview
Training: Capital Assets Video Tutorials