SECTION CONTENTS 1700.00 Capital Items Defined
1700.00 Capital Items Defined
Capital items include multi-user computer software with a unit cost of $5,000 or more and certain types of books. Capital equipment is defined as equipment that retains its identity, has an expected useful life of more than one year and has a unit cost of $5,000 or more.
1. Such items may be procured directly if the total contract value does not
exceed $25,000. (Exception: Controlled Items.)
2. Contact Property Management for additional information on capital
accessories, trade-ins contemplated and surplus property transactions.
Property Management's telephone number is 994-5504.