Capital Equipment (Capital and Equipment Trust Fund (ETF) Equipment)

Capital Equipment (Capital and Equipment Trust Fund (ETF) Equipment)

Equipment that meets ALL the University’s criteria for asset capitalization which are:

  1. A minimum cost of $5,000 ($500 if ETF funded for the College at Wise) upon acquisition or completion of a fabricated equipment asset (note: ETF funding does not allow fabrications).
  2. A useful life of greater than one year.
  3. The equipment asset is titled to the University.
  4. The equipment functions either as a standalone asset or as an integral part of a larger University asset.
Policy # Policy Title
FIN-013 Permanent Transfer of Equipment Assets to or from the University
FIN-034 Accounting Requirements for Equipment Assets
PRM-011 Use of Working Time and University Equipment for Personal or Commercial Purposes
Subscribe to Capital Equipment (Capital and Equipment Trust Fund (ETF) Equipment)