The University now defines inventorial equipment as articles that are owned by or in the custody of the University and:
- are non-expendable (not disposable or consumable)
- stand alone
- qualify as tangible personal property
- have a useful life of at least one year, and
- have an acquisition cost of $5,000 or greater.
For contracts and grants:
- Physical verification and tracking are required only for items valued at $5,000 or greater, and for agency-titled items and guns, regardless of value.
- Object codes are used to ensure correct asset reporting.
- Indirect costs are applied to all expenditures for items less than $5,000.
These object codes are for theft-sensitive, non-inventorial equipment valued at $200 - $4,999:
Non-Inventorial Equipment | Object Code |
---|---|
Computer Hardware | 9100 |
Copying Equipment | 9101 |
Office Equipment | 9102 |
Other Equipment | 9104 |
Musical Instruments | 9106 |
For inventorial equipment valued at $5,000 or greater:
Inventorial Equipment | Object Code |
---|---|
Computer Hardware | 9110 |
Copying Equipment | 9111 |
Office Equipment | 9112 |
Other Equipment | 9114 |
Musical Instruments | 9116 |
Scientific — Medical Equipment | 9117 |
Scientific — Non-Medical Equipment | 9118 |
Telecom/Network Equipment | 9119 |
Vehicles | 9120 |