Capital equipment has a value of $5,000 or more, has a normal life expectancy of one year or more, and is not expendable. When purchasing capital equipment, departments have the option to lease or buy. Capital equipment is tagged by Controller’s Office Capital Asset Management group.
When Does Equipment Purchase/Lease Apply?
Things I Need to Know or Do
BearBuy Form to Use
Other Useful References
Related Policy
Version Date: May 2018