Overview and Guidelines
Summary: Learn what you need to know before acquiring or disposing of inventorial equipment.
Definition: “Inventorial Equipment” refers to items that must be tracked through UCSC’s property and financial systems. These items are either owned by or in the custody of UCSC, and have the following features:
- Acquisition cost equal to or greater than $5,000
- Item is non-expendable
- Item can stand alone
- Has a normal useful life of one year or more
- Qualifies as tangible personal property (i.e. can be appraised for value)