Moveable Capital Equipment Defined

Moveable Capital Equipment is defined as any article of non-expendable tangible property (e.g., automobile, centrifuge, microscope, projector, network server) that meets the following capitalization criteria:

• Purchased item has a useful life of one year or greater.
• Cost of the item is $5,000 or greater, including delivery and installation costs, and including the cost of attachments required to operate the item when those attachments are acquired as part of the original equipment purchase.
• Boston University has title to, is the custodian of, or is held responsible to account for the item.

Each Member of the Boston University community has a general obligation to safeguard and make appropriate use of property owned by or accountable to BU.

Funds are appropriated to each department’s budget to maintain and service the department’s equipment. Equipment must be kept in good working order and free from defects.