Chapter 9 Section 3 : Equipment 

Equipment

When Is a Piece of Equipment not a Piece of Equipment?

An Inventory Control form is needed for each piece of equipment with an acquisition cost of $5,000 or more and for which you will be asked to maintain records (Agreement: 9). In most cases, this will not apply and no forms are provided.

Even though there is no tracking requirement for equipment under $5,000 in value, all equipment is still to be used for the purposes of the project (Agreement: #9). See above definitions for what is meant by equipment. For personal computers and/or CD-ROM workstations, consider the computer and all peripherals, e.g., keyboard, monitor, CD-ROM drives, printer, as one piece, but list its components on the equipment line item page.

 
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Page last updated on 09/7/2007