61000-61021

EQUIPMENT OVER $5000 – EQUIP>5000

The cost of equipment having an anticipated life of at least one year and a value of $5,000 or more. The value of the equipment includes the cost of the equipment, freight charges, and any installation charges.

RED Tag Required

RED RFID Tag Required

61100-61119

FABRICATED EQUIPMENT – FAB EQUIP

The cost of materials used in fabrication projects where the completed cost will be greater than $5,000. Upon completion for the project, these costs will be journalized to account 61000 by the Property Accounting Department.

RED Tag Required

RED RFID Tag Required

61200

EQUIPMENT TRANSFERS – EQUIP TRF

The amount agreed upon by the departments involved in an interdepartmental purchase of University equipment. Both the debit and credit amounts should be recorded in these accounts. A fully completed Retirement/Transfer Form should be forwarded to the Property Accounting Department to properly record the transfer of ownership of the equipment.

61300-61303

EQUIPMENT CREDITS – EQUIP CRED

The amount credited to a department for the sale of capital equipment. This account range is used exclusively by University Surplus & Salvage.

61310

EQUIPMENT TRADE-IN – EQUIP-TRAD

For use of Property Accounting only.

RED Tag Required

RED RFID Tag Required

61390

AGENCY DEFINED
EQUIP <$5,000
–
AGCY EQUIP

To be used when the awarding agency of a Contract or Grant defines equipment as anything less than $5,000. (e.g. if the awarding agency defined equipment as anything with anticipated life of at least one year and costing over $500. All items between $500 to $4,999 would be charged to this account).

RED Tag Required

RED RFID Tag Required

61400-61409

EQUIP-NON CAPITL $3,000-$4,999
–
EQUIP-NCAP

MANDATORY: Noncapital equipment with an acquisition cost greater than or equal to $3,000 but less than $5,000.

Black Barcode Tag

YELLOW RFID Tag Required

61410-61416

EQUIP-COMPUTERS<$5K
–
EQUIP-NCAP

MANDATORY: All university-owned computers, laptops, tablets and cell phones of any value less than $5,000 that may contain Personally Identifiable Information (PII) at any point during the university’s ownership of the asset.

IT Inventory Tag or Black Barcode Tag

IT Inventory Tag or Black Barcode Tag or YELLOW RFID Tag

61417-61419

EQUIP-NON CAPITL $1,000-$2,999
–
EQUIP-NCAP

OPTIONAL: Noncapital equipment having an acquisition cost or donated value less than $3,000 and having a useful life in excess of one year. Assets in this category are to be inventoried at the discretion or option of the departments or units, but not required.

BLACK Barcode Tag Optional

BLACK Barcode Tag Optional