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Procurement & Strategic Sourcing

UCLA Health Procurement & Strategic Sourcing
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Procurement & Strategic Sourcing

Capital Equipment

Capital Equipment

Capital Equipment

  • Link to Submit Capital Request
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  1. Home
  2. Capital Equipment
  3. Definition of Capital Equipment

Definition of Capital Equipment

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Capital or inventorial equipment can be defined as items:

  • with an acquisition cost of $5,000 or more, including but not limited to tax, freight, and installation cost;
  • are not disposable or consumable;
  • are stand alone;
  • has a useful life of one year or more;
  • qualifies as a tangible personal property (can be appraised for value).

Bulk purchase of like equipment and/or furniture may be considered capital equipment purchases but are not inventorial when the purchases are in the following dollar amounts:

  • $15,000 for bulk (like) equipment
  • $30,000 for bulk (like) furniture

Any equipment purchases that add value or extend the life of an existing piece of inventorial equipment shall be considered a capital purchase regardless of cost, and the total amount of the purchase will be added to the value of the existing equipment.

Software included with the purchase of hardware can be capitalized regardless of cost and therefore be included in the capital purchase. Individual software purchases, development costs, license fees, and maintenance costs with a value of less than $5,000 should be expensed. However, software purchases as described herein with a value of $5,000 or more should be considered a capital purchase.

For additional guidance or information regarding the capitalization of equipment, please contact Jon Ip, Property Accountant.

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