Equipment
Equipment is defined as any one item, or one item fabricated from several required components, having a unit cost of $5,000 or more and a useful life of one year or more.
When budgeting for equipment:
- List individual items in excess of $5,000. Include hidden costs such as shipping, set-up and manufacturer's technical support or maintenance.
- Some equipment may be fabricated. Include the cost of all required components.
- Exclude all equipment costs from F&A calculation.