Capital Equipment

Capital Equipment- Includes all tangible, non-expendable, movable assets having a useful life of more than one year and a value of $5,000 or greater. Blue fixed asset tag- assets and equipment that satisfy the capital equipment definition will be assigned a university property identification tag, entered into the university’s asset system and depreciated.

Each unit of equipment is assigned to an equipment custodian who is usually the department head or operations manager at the location of the equipment. These custodians are responsible to ensure that the equipment is properly utilized and accounted for until proper disposal. They are assisted by the Financial Services personnel who take an annual physical inventory of capital equipment and selected operating equipment.