3.1 Capitalized Equipment

"Capitalized Equipment" is defined as tangible, non-consumable property with 1) a unit acquisition cost (including applicable tax and freight) equal to or greater than $5,000, 2) an estimated life of one-year or greater, 3) is not permanently attached to or incorporated in University buildings and grounds, and 4) is used to conduct University business. The Asset Management Office will record the property into the accounting records as capital assets. Detailed guidelines on capitalization of assets are located in the CSU GAAP Reporting Manual Capital Asset Guide.

3.2 Non-Capitalized Equipment

"Non-Capitalized Equipment" is defined as tangible, non-consumable property with 1) a unit acquisition cost (including applicable tax and freight) greater than or equal to $500 and less than or equal to $4,999, 2) an estimated life of one-year or greater, 3) is not permanently attached to or incorporated in University buildings and grounds, 4) is used to conduct University business, and 5) of a sensitive nature (i.e. easily subject to theft or loss). Examples of non-capitalized equipment include, but are not limited to: printers, palm held devices, scanners, camera equipment, projection units, portable tools, field-testing equipment, and musical instruments.