Capital equipment (including furniture and furnishings) is defined as an article of nonexpendable, tangible (moveable) personal property with a useful life of more that one year and an acquisition ...
Capital equipment is tangible property having an acquisition value of $5,000 or more and a useful life expectancy of one year or more. Fabricated equipment and component systems, which have an ...
Capital equipment for the University must have an individual cost of $10,000 or more and have a useful life of one or more years, provided sufficient individuality and size exists to make control ...
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