Capital equipment (including furniture and furnishings) is defined as an article of nonexpendable, tangible (moveable) personal property with a useful life of more that one year and an acquisition ...

Capitalized Equipment is defined as tangible, non-consumable property that has a unit acquisition cost equal to or greater than $5,000, an estimated life of greater than one year, and is not ...

Occasionally, RIT departments/employees will fabricate an item of capital equipment from component parts. The fabricated item must meet the RIT standard definition for capital equipment: Must be ...

The University defines capital equipment as tangible personal property with a useful life greater than one year with an individual or componentized cost of $5,000 or greater. The equipment can be ...

Capital equipment for the University must have an individual cost of $10,000 or more and have a useful life of one or more years, provided sufficient individuality and size exists to make control ...