It is maintained by the Controller’s Office and is subject to a biennial physical inventory to validate its accuracy.įor a more detailed description on classification of equipment, refer to procedure 4209 PR.04 Moveable Equipment Inventory Accessories and Composite Assets.

Moveable Equipment Inventory - Moveable equipment inventory is a complete record of all equipment and furnishings which have been capitalized by the University. Fabrications associated with sponsor-funded research and development are not considered true assets of the University and, therefore, will not be capitalized.

Such costs are accounted for as equipment in process until the item is completed and placed in service, at which time it is added to the University’s Moveable Equipment Inventory. Final determination as to whether equipment meets the criteria for capitalization is made by the Controller’s Office.įabricated Equipment - Fabricated equipment represents the costs incurred to fabricate non-expendable, tangible personal property by building or assembling various components and or materials into one identifiable unit. Yale University’s capitalization threshold is $5,000.Įquipment - Equipment is tangible, non-expendable, University property that has an estimated useful life of greater than one year and a per unit acquisition cost equal to or greater than the University’s capitalization threshold. Capitalization Threshold - The capitalization threshold is the minimum amount at which a piece of equipment may be capitalized.

Iteman clasification for depresation