Equipment Constructed by the University
Materials, supplies, machinery, and component parts purchased by the University for use in the construction of a specific and predetermined piece of equipment will be purchased with funds from the department’s account. When the construction of such equipment is completed, and if the completed item is worth $1,000 or more, the user department is responsible for notifying the Property Accountant, at ext. 3116 in the Controller’s Office, of the name of the constructed piece of equipment, date of completion, total cost including the purchase price of any materials, supplies, machinery and fixtures used, any applied freight charges and all construction and installation costs, including labor and contractual services. This information is used to maintain an up-to-date capital inventory by department and building for capitalization and insurance purposes.