Equipment
Equipment
Who Completes This Task: Clerk or Building Inventory Manager
Process
All items classified as equipment are subject to SPPS property control procedures. Purchase of such items may not be conducted through a P-Card or voucher, as this bypasses Property Control.
Criteria
Equipment is defined as meeting all the following conditions:
- Physical items made of durable material
- Acquisition cost of $5,000 or more per unit or system
- Minimum useful life of four years or more
- Retains its original shape and appearance with use
- Does not lose its identity through incorporation into a different or more complex unit
Steps
- Use the Purchase Requisition for Supplies and Equipment procedure
- Use account code 6530 for equipment valued at $5,000 or greater
- Use account code 6555 for technology equipment valued at $5,000 or greater
- See the Purchase Account Code Quick Guide for other codes
- Be sure to follow inventory tagging
- Item may now be put into use
Why This Is Important
- It’s the law (see 2 CFR 200.311-313, 2 CFR 200.318-321)
- Safeguard SPPS assets
- Inventory control and loss prevention
Related Topics
Purchase Account Code Quick Guide