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Northern Arizona University
Purchasing Policy and Procedure

Capital Equipment

POLICY:

Equipment that is not permanently attached to buildings or grounds and that has an acquisition cost of $5,000 or more (including sales and/or use tax, freight, and installation) and a life expectancy of one year or more is considered Capital Equipment.

REQUISITIONS

For Capital Equipment purchases, the requesting department must:

1. Specify the special requirements on the requisition.

2. Code the RQS line with a capital object code and sub object code (i.e. 7830 10 Office Machines).