Tangible, non-expendable personal property having a useful life of more than one year and an acquisition cost of $5,000 or more per unit.
A tangible asset, including software, with a life expectancy of more that one year and a cost of $5,000 or more (for recharge and cost centers).
Except for Library books and museum and art collections, which are accounted for separately, equipment includes all personal property having these characteristics: (1) an acquisition price in excess of $5000.00, (2) an expected useful life of more than two years, and (3) an identity which is not altered materially through use.
is generally determined by the meeting of three tests: a. Has an acquisition cost that is equal to or more than the cost hurdle for classifying capitalized assets. Includes: Invoice amount, sales tax, freight costs, installation costs, costs for the initial complement of supplies needed to place the asset into service, accessory and auxiliary apparatus necessary to make it usable for the purpose for which it was acquired; less trade or trade in discounts and/or educational allowances Excludes: Federal Excise tax, duty, insurance, maintenance and warranty costs; and, b. Has a useful life of two or more years If the item will not have a useful life of more than two years it is considered expendable material, even if it costs more than the level for determining a capital asset; and, c. Is a stand alone item. The item is not permanently attached to or integrated into a building or structure.
An article of nonexpendable, tangible personal property having a useful life of more than one year and an acquisition cost which equals or exceeds the capitalization level ($2000) established by the University for financial statement purposes.
Items which cost at least $1,000.00, and will be used for at least 3 years.
Means an article of nonexpendable tangible personal property having a useful life of more than one (1) year, and an acquisition cost of $2,000 or more per unit. Included in the net invoice price is the cost to make it usable for the purpose for which it was acquired.
A category of goods defined by Article 9 of the UCC. Equipment is goods used primarily in the operation of a business. It includes professional equipment and farm equipment. Any personal property that is tangible and is not consumer goods, farm products, or inventory.
Means tangible nonexpendable personal property charged directly to the Award having a useful life of more than one year and an acquisition cost of $5000 or more per unit.
Tangible property other than land, buildings, improvements other than buildings, or infrastructure, which is used in operations and with a useful life of more than one year. Examples are furnishings, equipment, and software. Equipment may be attached to a structure for purposes of securing the item, but unless it is permanently attached to, or an integral part of, the building or structure, it is to be classified as equipment and not buildings.
is a single item with a value or purchase price of $5,000 or more with a life expectancy of one (1) year or more ( e.g., test equipment, tools).
The implements used in an operation or activity; specif in the Uniform Commercial Code Goods that are bought for or used in a business enterprise or by a debtor which is a nonprofit organization or a government agency and that are not inventory, farm products, or consumer goods
Tangible, nonexpendable, personal property including exempt property charged directly to the award having a useful life of more than one year and acquisition cost of $500 or more per unit. However, consistent with recipient policy, lower limits may be established.
tangible, non-expendable personal property having a useful life of more than one year and an acquisition cost of more than $5000 per unit on federal grants.
The specific items or property that is leased by the Lessee as covered by a selected lease agreement.
We list major items of standard equipment as well as optional items and packages with price breakdown. Note: Automakers specify their own test-fleet's makeup. To our eye, sometimes a test car is over-lavishly equipped (and its Price as Tested suffers). Each reader can selectively delete undesirable options; also, automaker Websites often have "build-and-price-your-own" features.
An item of tangible personal property that meets all of the following criteria: (1) it retains its original shape, appearance and character with use; (2) it does not lost its identify through fabrication or incorporation into a different or more complex unit or substance; (3) it is non-expendable; that is, if the item is damaged or some of its parts are lost or worn out, it is more feasible to repair the item than to replace it; (4) under normal conditions of use, including reasonable care and maintenance, it can be expected to serve its principle purpose for at least one year; and (5) the unit cost of the item is more than $2,000.
Tangible property of a non consumable nature having a unit value equal to or greater than $100 that is used in the operations of a state agency; and books other than consumable workbooks and books given to outside parties.
Tangible assets acquired through donation, gift, purchase, capital lease, or self-construction with a life expectancy greater than one year and valued over $5,000.
Part An Item of Equipment is always made in-house, and never purchased.
Items that individually cost $ 500 or more and have a useful life of two years. Equipment items are covered by a 2000 series object code when including an appropriation #.
An article of tangible nonexpendable personal property that has a useful life of more than 1 year and an acquisition cost per unit that equals or exceeds the lesser of the capitalization threshold established by the organization or $5,000.
Generally, an article of non-expendable, tangible personal property having a useful life of more than two years and an acquisition cost of $1000 or more per unit. Equipment is not a replacement part or component returning a piece of equipment to its original condition.
Generally, equipment is classified as a free-standing item having an acquisition value of $5000.00 or higher, and a normal life expectancy of one year or longer. See Policy and Procedure Manual, Section 350-65 for more information. Equipment can only be purchased on a Purchase Requisition (PR).
tangible, nonexpendable, personal property including exempt property charged directly to the award having a useful life of more than one year and an acquisition cost to be stated by the grantmaker.
The items necessary to operate a swim practice or conduct a swim competition.
Refers to an article of nonexpendable, tangible, personal property that is complete and does not lose its identity or become a component part of another item when placed in use.
Equipment is defined as any item costing $5,000 (effective July 1, 2005) or more that can be used for two years. Each piece of equipment requested should be described in the budget section of a proposal.
Items of relatively permanent value and use, with an extended life, intended to last year after year, and costing over $500.00.