Published on Capital Assets Management (https://cam.fo.uiowa.edu)

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Movable Equipment [1]

Definition

  • Title to equipment purchased with University funds (excluding Agency Funds) through the University Purchasing Department or through a retail-sales center on campus shall be considered property of The University of Iowa.
  • Equipment must meet a minimum capitalization threshold of $5,000 and have a useful life of more than one year.
  • Equipment acquired with Agency Funds (currently Funds 950 – 997) cannot be capitalized and should not be purchased with a 6730 Iact.

Policy

Source URL: https://cam.fo.uiowa.edu/content/movable-equipment-1

Links:
[1] https://cam.fo.uiowa.edu/content/movable-equipment-1
[2] https://opsmanual.uiowa.edu/administrative-financial-and-facilities-policies/equipment-and-personal-property-university
[3] https://thepoint.healthcare.uiowa.edu/sites/Administration/finance/stratajazzcapital/default.aspx